Kingdom City Capital Improvements Tax ordinance (§ 130.180)

A. Imposition Of Village Sales Tax For Capital Improvement Purposes. Pursuant to the authority granted by and subject to the provisions of Section 94.577, RSMo., a tax for the purpose of funding capital improvements, including the operation and maintenance of capital improvements, is hereby imposed upon all sellers for the privilege of engaging in the business of selling tangible personal property or rendering taxable services at retail to the extent and in the manner provided in Sections 144.010 to 144.510, RSMo., and the rules and regulations of the Director of Revenue issued pursuant thereto. The rate of tax shall be one-half of one percent (1/2 of 1%) on the receipts from the sale at retail of all tangible personal property or taxable services at retail within Kingdom City, Missouri, if such property and taxable services are subject to taxation by the State of Missouri under the provisions of Sections 144.010 to 144.510, RSMo. The tax shall become effective as provided by the Statutes of the State of Missouri.

B. Establishment Of Special Trust Fund. All revenue received by the Village from the tax herein authorized under the provisions of this Section shall be deposited in a special trust fund and shall be used solely for capital improvements, including the operation and maintenance of capital improvements, for so long as the tax remains in effect.