(A) Purpose. The purpose of this section is to provide additional needed revenue for the City of Colome, Tripp County, South Dakota, by imposing a municipal gross receipts tax pursuant to the powers granted to the municipality by the State of South Dakota, by SDCL Ch.10-52A, and acts amendatory thereto.
(B) Effective date and enactment of tax. From and after January 1, 2015, there is hereby imposed a municipal gross receipts tax of 1% upon the gross receipts from the sale of leases or rentals of hotel, motel, campsites or other lodging accommodations within the municipality for the periods of less than 28 consecutive days, the sale of alcoholic beverages as defined in SDCL §35-1-1, establishments where the public is invited to eat, dine or purchase and carry out prepared food for immediate consumption and ticket sales or admissions to places of amusement, athletic and cultural events. The tax applies to the gross receipts of all persons engaged in business within the jurisdiction of the Municipality of Colome, Tripp County, South Dakota, who are subject to the South Dakota Retail Occupation Sales and Service Tax, SDCL Ch. 10-45, and acts amendatory thereto.
(C) Collection. Such tax is levied pursuant to authorizations granted by SDCL Ch. 10-52A, and acts amendatory thereto, and shall be collected by the South Dakota Department of Revenue and Regulation in accordance with the same rules and regulations as the Secretary of Revenue of the State of South Dakota shall lawfully prescribe.
(D) Interpretation. It is declared to be the intention of this section and the taxes levied hereunder that the same shall be interpreted and construed in the same manner as all sections of the South Dakota Retail Occupation Sales and Services Act, SDCL Ch. 10-45, and acts amendatory thereto, and that this shall be considered a similar tax, except for the rate thereof to that tax.
(E) Use of revenue. Any revenues received under this section may be used only for the purpose of land acquisition, architectural fees, construction costs, payment for civic center, auditoriums or athletic facility buildings, including the maintenance, staffing and operations of such facilities and the promotion and advertising of the municipality, its facilities, attractions and activities.
(Ord. 167, passed 9-2-2014) Penalty, see § 171.99