A. All Sales Taxable Pursuant To Idaho Code: A tax is hereby imposed at the rate of two and one-half percent (2.5%) on all sales subject to taxation pursuant to I.C. section 63-3619 et seq. within the City of Stanley, Custer County, Idaho. Said tax shall apply, be computed on and collected on all such sales including all credit, installment, conditional or similar payment arrangements. Said tax shall be collected by the seller or retailer from the purchaser.
B. Reserved.
C. Fractional Portion: When the sales price involves a fraction of a dollar, said non-property taxes shall be collected on that fractional portion of the price by adding thereto the tax based as follows:
Fractional Portion | Tax |
$0.01 to $0.59 | $0.01 |
0.60 to 0.99 | 0.02 |
The retailer shall calculate the tax upon the entire amount of purchases of the consumer made at a particular time subject to this chapter, and not separately upon each item purchased. The retailer may retain any amount collected under said bracket system which is in excess of the amount of tax for which he is liable to the city during the period as compensation for the work of collecting the tax.
D. Monies Held In Trust: All monies collected and/or retained under the provisions of this chapter shall be held in trust for the city and for payment thereof to the city clerk in the manner and at the times in this chapter provided. (Ord. 56D-5, 9-15-2015; amd. Ord. 56D-6, 8-31-2020)