A. The Municipal Sales Tax shall apply to, be computed on, and collected for all credit, installment, conditional or similar sales at the time of the sale, or, in the case of rentals, at the time the rental is charged.
B. The tax hereby imposed shall be collected by the retailer from the consumer.
C. The retailer shall calculate the tax upon the entire amount of the purchases of the consumer made at a particular time and not separately upon each item purchased. The retailer may retain any amount collected under the bracket system prescribed herein which is in excess of the amount of tax for which he is liable to the City of Sun Valley during the period as compensation for the work of collecting the tax.
D. When the sales price involves a fraction of a dollar, the Municipal Sales Tax shall be collected on that fractional portion of the price by adding thereto the tax based upon a bracket system. The bracket system for the collection of the Municipal Sales Tax shall be as set forth in exhibit A of this section.
E. All monies collected and/or retained under the provisions of this chapter shall be held in trust for the City of Sun Valley and for payment thereof to the City Clerk in the manner and at the times in this chapter provided.
EXHIBIT A
CITY OF SUN VALLEY SALES TAX SCHEDULE BRACKET SYSTEM
(DOLLARS)
Tax Percentage Rate | |||
Sale Amount
| 1 Percent
| 2 Percent
| 3 Percent
|
Tax Percentage Rate | |||
Sale Amount
| 1 Percent
| 2 Percent
| 3 Percent
|
0.01 - 0.16 | 0.00 | 0.00 | 0.00 |
0.17 - 0.49 | 0.00 | 0.01 | 0.01 |
0.50 - 0.83 | 0.01 | 0.02 | 0.02 |
0.84 - 1.16 | 0.01 | 0.02 | 0.03 |
1.17 - 1.49 | 0.01 | 0.03 | 0.04 |
1.50 - 1.83 | 0.02 | 0.04 | 0.05 |
1.84 - 2.16 | 0.02 | 0.04 | 0.06 |
2.17 - 2.49 | 0.02 | 0.05 | 0.07 |
2.50 - 2.83 | 0.03 | 0.06 | 0.08 |
2.84 - 3.16 | 0.03 | 0.06 | 0.09 |
3.17 - 3.49 | 0.03 | 0.07 | 0.10 |
3.50 - 3.83 | 0.04 | 0.08 | 0.11 |
3.84 - 4.16 | 0.04 | 0.08 | 0.12 |
4.17 - 4.49 | 0.04 | 0.09 | 0.13 |
4.50 - 4.83 | 0.05 | 0.10 | 0.14 |
4.84 - 5.16 | 0.05 | 0.10 | 0.15 |
5.17 - 5.49 | 0.05 | 0.11 | 0.16 |
5.50 - 5.83 | 0.06 | 0.12 | 0.17 |
5.84 - 6.16 | 0.06 | 0.12 | 0.18 |
6.17 - 6.49 | 0.06 | 0.13 | 0.19 |
6.50 - 6.83 | 0.07 | 0.14 | 0.20 |
6.84 - 7.16 | 0.07 | 0.14 | 0.21 |
7.17 - 7.49 | 0.07 | 0.15 | 0.22 |
7.50 - 7.83 | 0.08 | 0.16 | 0.23 |
7.84 - 8.16 | 0.08 | 0.16 | 0.24 |
8.17 - 8.49 | 0.08 | 0.17 | 0.25 |
8.50 - 8.83 | 0.09 | 0.18 | 0.26 |
8.84 - 9.16 | 0.09 | 0.18 | 0.27 |
9.17 - 9.49 | 0.09 | 0.19 | 0.28 |
9.50 - 9.83 | 0.10 | 0.20 | 0.29 |
9.84 - 10.16 | 0.10 | 0.20 | 0.30 |
(Ord. 484, 7-7-2016, eff. 10-1-2017)