A. Original Taxes Enumerated:
1. Ordinance 202 levied the first one cent ($0.01) tax, effective November, 1971.
2. Ordinance 220 levied a tax of two (2) additional cents, effective July 27, 1982, amended by ordinance 228, adopted April 11, 1985.
3. Ordinance 230, adopted August 4, 1988, effective December 1, 1988, increased the tax to three percent (3%). (2008 Code § 7-201)
B. Additional One Percent Sales Tax:
1. Tax Levied: Beginning on July 1, 2015, and continuing thereafter until lawfully repealed, there is hereby declared and shall be levied and collected, an additional Town Sales (Excise) Tax of one percent (1%), such Sales (Excise) Tax being in addition to the Town and State Sales (Excise) Taxes heretofore levied or assessed, upon the gross proceeds or receipts derived from all sales to any person taxable under the Sales (Excise) Tax laws for the State of Oklahoma.
2. Deposit: The receipts from such additional Sales (Excise) Tax shall be initially deposited into a limited purpose fund to be known as the "Vici Nursing Home Operations Fund" (hereinafter the "fund"), to be held in the name of the Town of Vici, Oklahoma, and thereafter accumulated, earmarked, used and expended by the Town of Vici Nursing Home only for the purposes set out in subsection B3 of this section.
3. Purpose Of Revenue:
a. It is the purpose of the one percent (1%) Municipal Sales (Excise) Tax levied hereunder to financially support the operations and functions of the Town of Vici Nursing Home, in order to continue to maintain, improve and promote the Town, and thereby promote the continuing economic development of and nursing care services for the Town.
b. Specifically, said one cent ($0.01) of additional Municipal Sales (Excise) Tax shall be utilized and expended for the following purposes, and in the manner hereinafter provided.
c. The fund shall be a special, limited purpose fund, established within the general budget of the Town, and shall be used solely for the purpose of receiving the revenues derived from collection of the additional one percent (1%) Sales (Excise) Tax imposed hereunder, receiving income from the investment of said monies contained in the fund, thereafter accumulated, earmarked, used and expended, both principal and interest, by the Town, to financially promote and support the operations and functions of the Town of Vici Nursing Home. (Ord. 271, 2-2-2015, eff. 7-1-2015)
C. Effective Date Of Chapter: This chapter became effective as to each cent tax after approval of a majority of the registered voters of the Town voting on the ordinance in the manner prescribed by 11 Oklahoma Statutes section 16-112. (2008 Code § 7-206)
D. Purpose Of Revenues Generally: It is the purpose of the Sales Tax to provide revenues for the support of the functions of the Municipal government of the Town. (2008 Code § 7-207)