3-2-3: TAXES IMPOSED; RATES; EFFECTIVE DATES:
The following town sales taxes, in the total amount of four percent (4%), shall be imposed and effective as indicated, unless otherwise extended by a vote of the people. Said taxes have been approved by a majority of the registered voters of the town voting on same in elections conducted in the manner prescribed by Oklahoma Statutes:
Ordinance 93 became effective January 1, 1971, levying a one cent ($0.01) tax. Ordinance 7-22-75 also levied an initial one cent ($0.01) tax, effective August 1, 1975.
Ordinance 4-26-77 levied a second one cent ($0.01) tax, effective July 1, 1977.
Ordinance 10-18-83 levied a third one cent ($0.01) tax, effective November 29, 1983.
Ordinance 5-4-04 levied a fourth one cent ($0.01) tax, effective August 26, 2004.
Twenty five percent (25%) of the four percent (4%) excise tax levy shall constitute additional revenues and sixty percent (60%) of such additional revenues shall be for the purpose of payment of principal and interest of the bonded indebtedness and other long term indebtedness of the town of Jones City and the town of Jones City public works authority; and twenty percent (20%) for the purpose of capital improvements of the town of Jones City and the Jones City public works authority, including, but not limited to, drainage and sewer line replacement; and twenty percent (20%) for the purpose of capital outlay of the town of Jones City and the Jones City public works authority, including, but not limited to, public safety, police apparatus and vehicles, fire apparatus and vehicles, and public works equipment. (Ord. 5-4-04, 5-4-2004)