(A) Sales Tax Provision: For the privilege of selling tangible personal property at retail, a tax is hereby imposed upon all retailers in the city at the rate of zero point nine hundred fifty one-thousandths of one percent (0.950%) of the gross receipts of the retailer from the sale of all tangible personal property sold at retail in the city on and after July 1, 1999.
(B) Use Tax Provision: An excise tax is hereby imposed on the storage, use, or other consumption in the city of tangible personal property purchased from any retailer on and after the operative date of this section for storage, use, or other consumption in the city at the rate of zero point nine hundred fifty one-thousandths of one percent (0.950%) of the sales price of the property on and after July 1, 1999. (Ord. 99-3, 4-19-1999)