(A) All action concerning the submission of the proposition to the voters of the city having been taken and the tax authorized by Section 4A of the Act having been approved by the voters of the city, the City Council does hereby authorize the levy of a sales and use tax (the "Tax") within the city for the benefit of a corporation established under Section 4A of the Act at a rate of one-half of one percent on the sale of items at retail and an excise tax at the same rate on the use, storage or other consumption within the city of tangible personal property purchased, leased or rented from a retailer during such time as the tax is effective within the city.
(B) The tax shall be administered, collected and remitted in accordance with the Act and, to the extent not inconsistent with the Act, in accordance with the Tex. Tax Code, Ch. 321, as amended.
(Ord. 1151, passed 3-10-97)