(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 retail sales and use tax pursuant to the powers granted to the municipality by the State of South Dakota by SDCL Ch. 10-52, entitled “Uniform Municipal Non-Ad Valorem Tax Law,” and acts amendatory thereto.
(B) Effective date and enactment of tax.
(1) From and after January 1, 1994, there is hereby imposed, as a municipal retail occupational sales and service tax upon the privilege of engaging in business, a tax measured by 2% on the gross receipts of all persons engaged in business within the jurisdiction of the City of Colome, Tripp County, South Dakota, who are subject to the South Dakota Retail Occupational Sales and Service Tax, SDCL Ch. 10-45, and acts amendatory thereto.
(2) Notwithstanding the above rate, the rate of tax upon receipt from sales of food, as defined by the Food Stamp Act of 1977, as amended through January 1983 is 1%.
(C) Collection. Such tax is levied pursuant to authorization granted by SDCL Ch. 10-52, and acts amendatory thereto, and shall be collected by the South Dakota Department of Revenue in accordance with the same roles and regulations applicable to the state sales tax under such additional rules and regulations as the Secretary of Revenue of the State of South Dakota shall lawfully prescribe.
(D) Use tax. In addition, there is hereby imposed an excise tax on the privilege of use, storage and consumption within the jurisdiction of the city of tangible personal property or services purchased from and after January 1, 1988, at the same rate as the municipal sales and service tax upon all transactions or use, storage and consumption with are subject to the South Dakota Use Tax Act, SDCL Ch. 10-46, and acts amendatory thereto.
(E) 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 section of the South Dakota Retail Occupational and Sales and Service Act, SDCL Ch. 10-45, and acts amendatory thereto, and the South Dakota Use Tax, SDCL Ch. 10-46, and acts amendatory thereto, and that this shall be considered a similar tax, except for the rate thereof to that tax.
(Ord. 91, passed 9-7-1988; Ord. 110, passed 10-12-1993; Ord. 142, passed 9-6-2005) Penalty, see § 171.99