§ 36.053 ADOPTION OF 4A AND 4B SALES AND USE TAXES.
   Pending approval at the special election held January 17, 1998, the following sales and use taxes are adopted by the city:
   (A)   The adoption of a sales and use tax within the city for the promotion and development of new and expanded business enterprises at the rate of one fourth of one percent (¼%) and the adoption of an additional sales and use tax within the city at a rate of one fourth of one percent (¼%) to be used to reduce the property tax rate.
   (B)   The adoption of an additional sales and use tax within the city at the rate of one half of one percent (½%) to be used for but not limited to land, buildings, equipment and improvements and other purposes authorized by Tex. Rev. Civ. Stat. Art. 5190.6, § 4B, and the operation and maintenance expense of any authorized project.
(Ord. 807, passed 12-2-97)