Chapter 37: Taxation

Code of Ordinances for the City of Wayne, Nebraska

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Chapter 37: Taxation

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37.01 Sales and Use Tax

The city shall impose a sales and use tax at the rate of 1.5% upon the same transactions within the city, on which the state is authorized to impose a tax.

(Ord. 2014-40, passed 11-18-2014)

Statutory reference:

Related provisions, see Neb. RS 77-27,142
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37.02 Deposit; General Fund

The proceeds of the sales and use tax levy by the city shall be deposited in the general fund of the city.

(Ord. 2014-40, passed 11-18-2014)

Statutory reference:

Related provisions, see Neb. RS 77-27,146
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37.03 Allocation of Sales and Use Tax

Revenue derived from the sales and use tax of the city deposited in the general fund of the city shall be divided as follows: 0.6% for general capital improvements over $5,000 initial cost and having a useful life expectancy of more than seven years (such as fire trucks, swimming pool); 0.4% to fund economic activities under the Wayne Economic Development Program as described in its adopted Wayne Economic Development Plan; and 0.5% for the purpose of paying the principal and interest of the city bonds approved by the voters on November 4, 2014, in the principal amount not to exceed $2,900,000 and paying costs related to such purpose.

(Ord. 2014-40, passed 11-18-2014)
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37.04 Termination Date

One percent of the city sales and use tax, which was passed and approved in 2009, shall terminate on June 30, 2024. The additional 0.5% of the city sales and use tax, shall remain in effect only so long as any of the indebtedness evidenced by said bonds approved by the voters of the city on November 4, 2014 (including refunding bonds issued to refund such indebtedness) shall remain outstanding and unpaid.

(Ord. 2014-40, passed 11-18-2014)
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