Ord 2015-035/Tax Rate - Laserfiche WebLink

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SECTION 3. The Tax Assessor - Collector is authorized to assess and collect the taxes of the City employing the tax rate stated in Section 1 of this ordinance. SECTION 4. There is levied and there shall be collected from every person, firm, association or corporation pursuing any occupation taxed by the laws of Texas and against whom an occupation tax can be levied by the City, an annual occupation tax equal to one -half of the state occupation tax, which tax shall be paid annually in advance except as otherwise provided by state law, in which event such tax shall be levied, collected, and paid as is provided by state law, the amount thereof not in any event to exceed one -half of the state occupation tax. SECTION 5. The City Director of Finance shall keep accurate and complete records of all funds collected under this Ordinance and of the purposes for which they are expended. SECTION 6. Funds collected pursuant to this Ordinance shall be expended as set forth in the City of San Marcos 2015 -2016 Budget. SECTION 7. All funds collected by the City which are not specifically appropriated shall be deposited in the General Fund. SECTION 8. This ordinance shall become effective upon approval on second reading. CONSIDERED ON FIRST READING AND APPROVED on September 1, 2015. CONSIDERED ON SECOND READING, PASSED, APPROVED AND ADOPTED on September 15, 2015. aniel Gue Mayor Approved: Michael J. sentino City Attorney