The City of Cascade, hereby imposes and shall collect certain local-option non-property taxes, as follows:
A. A municipal sales tax is hereby imposed upon each sale at retail within the City of Cascade, Idaho, at the rate of one percent (1%) of the sales price of all property subject to taxation under Idaho Code 63 3601, et. seq., Idaho Sales Tax Act, including subsequent amendments thereto;
B. When the sales price involves a fraction of a dollar, said local-option non-property taxes shall be collected on that fractional portion of the price by adding thereto the tax based upon a bracket system. The bracket system for the collection of the one percent (1%) sales tax shall be as set forth in Exhibit 1, attached hereto and made a part hereof by reference. The retailer shall calculate the tax upon the entire amount of purchases of the consumer made at a particular time subject to this chapter, and not separately upon each item purchased. The retailer may retain any amount collected under said bracket system which is in excess of the amount of tax for which they are liable to the City during the period as compensation for the work of collecting said tax.
C. All monies collected and/or retained under the provisions of this chapter shall be held in trust for the City of Cascade and for payment thereof to the City Clerk in the manner and at the times provided in this Chapter.
D. This chapter, in conjunction with Idaho State Law, provides that when there is a retail sales transaction within the City of Cascade, a local-option sales tax is imposed. For a sale of goods, a sale is made in the City when title passes to the buyer in the City. When delivery of goods occurs in the City of Cascade title passes at the time of delivery. If goods are shipped from outside the City of Cascade into the City, the Seller must obtain a City of Cascade local-option non-property tax permit pursuant to the terms of 4-8-7, and the sale is subject to the local-option sales tax. Alternatively, when goods are delivered by a seller within the City of Cascade to a location outside the City, then title generally passes outside the City, and no sales tax is owed to the City. (Ord. 711, 6-7-2021)