A. The city may distribute its sales and use tax revenues by means other than point of sale or use by notifying the commission in writing of such decision, no later than thirty (30) days before commencement of the next tax accrual. After such notice is given, the city may increase the tax authorized by this part to a total 58/64 percent from July 1, 1986 to December 31, 1989, and to a total of one percent (1%) on January 1, 1990, of the purchase price paid or charged, excluding a public transient sales and use tax as provided by the Utah state legislature under resort community sales tax as also provided by the Utah state legislature:
1. From July 1, 1985 through December 31, 1989, twenty five percent (25%) of the tax revenue shall be paid to each county, city and town providing notice under this section based upon the percentage that the population of the county, city, or town bears to the total population of all such entities providing notice under this section and seventy five percent (75%) based upon the point of sale or use of the transaction.
2. From January 1, 1990 through June 30, 1991, thirty five percent (35%) of the tax revenue shall be paid to each county, city or town providing notice under this section, based upon the percentage that the population of the county, city, or town bears to the total population of all such entities providing notice under this section and sixty five percent (65%) based upon the point of sale or use of the transaction.
3. From July 1, 1990 through June 30, 1992, forty percent (40%) of each dollar collected from the sales and use tax authorized by this chapter shall be paid to each county, city and town providing notice under this section, based upon the percentage that the population of the county, city, or town bears to the total population of all such entities providing notice under this section, and sixty percent (60%) based upon the point of sale or use of the transaction.
4. From July 1, 1992 through June 30, 1993, forty five percent (45%) of each dollar collected from the sales and use tax authorized by this chapter shall be paid to each county, city and town providing notice under this section, based upon the percentage that the population of the county, city or town bears to the total population of all such entities providing notice under this section, and fifty five percent (55%) based upon the point of sale or use of the transaction.
5. From and after July 1, 1993, fifty percent (50%) of each dollar collected from the sales and use tax authorized by this chapter shall be paid to each county, city and town providing notice under this section, based upon the percentage that the population of the county, city or town bears to the total population of all such entities providing notice under this section, and fifty percent (50%) based upon the point of sale or use of the transaction.
B. Notwithstanding any provision of subsection A of this section, no county, city, or town that has given notice under this section shall receive a tax revenue distribution less than three-fourths percent (3/4%) of the sales and use tax revenue collected within its boundaries. The commission shall proportionately reduce quarterly distributions to any county, city or town, which but for the reduction would receive a distribution in excess of 58/64 percent from July 1, 1986 through December 31, 1989, and one percent (1%) beginning January 1, 1990, of the sales and use tax revenue collected within its boundaries.
C. Population figures for purposes of this section shall be determined according to the last decennial census taken by the United States department of commerce 1 . (Ord. 160, 12-5-1994)
Notes
| 1 | 1. UCA § 59-12-205. |