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An excise tax is hereby levied and imposed on the use in this City of tangible personal property, custom software and the results of taxable services, to be collected and paid to the Tax Commissioner as agent for the City in the same manner that State Use Tax is collected under article fifteen-a and article fifteen-b, chapter eleven of the Code of West Virginia, 1931, as amended. The rate of tax shall be one percent of the purchase price, as defined in article fifteen-b, chapter eleven of the Code of West Virginia, of the tangible personal property, custom software or taxable service used within the City.
(Ord. 13-14. Passed 12-18-14.)
The tax computation under Sections 754.03 and 754.04 shall be carried to the third decimal place and the tax rounded up to the next whole cent whenever the third decimal place is greater than four, and rounded down to the lower whole cent whenever the third decimal place is four or less. The vendor may elect to compute the tax due on a transaction on a per-item basis or on an invoice basis provided the method elected is consistently used during the reporting period but the method elected shall be the same as that used for purposes of computing the state sales or use tax.
(Ord. 13-14. Passed 12-18-14.)
(Ord. 13-14. Passed 12-18-14.)
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