2.7.203: TAX BRACKET SCHEDULE:

Notwithstanding the rate of tax imposed by subsections 2.7.201A and B of this part, tax shall be imposed as specified in the schedule below, and shall apply to all taxable transactions:

 

Purchase Price		Tax
Purchase price up to and including $0.16		No tax
Purchase price greater than $0.16 up to and including $0.48		$0.01
Purchase price greater than $0.48 up to and including $0.81		$0.02
Purchase price greater than $0.81 up to and including $0.99		$0.03
Purchase price greater than $0.99		$0.0307 on each full $1.00 of the purchase price plus the tax imposed by this schedule for the applicable fractional part of a dollar

 

(1968 Code §3-72; Ord. 78-45; Ord. 83-80; Ord. 84-27; Ord. 84-168; Ord. 91-71; Ord. 91-161; Ord. 92-149; Ord. 93-176; Ord. 94-206; Ord. 95-182; Ord. 96-208; Ord. 97-97; Ord. 01-42; Ord. 01-168; Ord. 08-218; Ord. 15-97 1 ; Ord. 20-61 2 )

 

Notes

1	1. January 1, 2016, is the effective date of ordinance 15-97.
2	2. January 1, 2021 is the effective date of ordinance 20-61.