(A) Pursuant to action of the City Council, the city submitted to the voters a proposal to increase the city sales and use tax from 1% to 1.5% at the general election held within the city on November 3, 2020, at which general election said proposal was approved by a majority of the votes cast at the election, following fulfillment of all requirements to submit the question to all qualified voters as provided by law; and there is now hereby adopted, pursuant to the provisions of the Nebraska Revenue Act, Neb. RS §§ 77-27,142 et seq., as amended, an increase of the local sales and use tax rate by an additional one-half of 1% from 1% to 1.5%, upon the same transactions that are sourced under the provisions of Neb. RS §§ 77-2703.01 to 77-2703.04 within the corporate limits of the City of Gibbon, Buffalo County, Nebraska, on which the State of Nebraska is authorized to impose a tax pursuant to the Nebraska Revenue Act of 1967, as amended.
(B) Revenues from the increased sales and use tax shall be used for such public purposes as are allowed pursuant to the Local Option Revenue Act, including, but not limited to, the general purposes of the city and community improvements such as paying the costs of additions and improvements to the Fire Hall of the city and funding debt service on bonds issued to pay the cost of said improvements.
(2000 Code, § 1-823) (Ord. 620, passed 11-16-2020)