24-1614
Consider approving Ordinance No. 2024-___ relating to taxation; amending the Lawton City Sales Tax Code, Codified as Article 10-2 of Chapter 10 of the Lawton City Code, 2015; by the enactment of an amendment to Paragraph (D) under Section 10-2-205 of the Lawton City Code, 2015; levying and extending an existing excise tax of two and one-eighth percent (2.125%) in addition to all other excise taxes assessed and levied by the City of Lawton, Oklahoma and all other taxing authorities, upon the gross proceeds or gross receipts derived from all sales taxable under the sales tax laws of the State of Oklahoma; providing for extending the term of the existing excise tax from terminating on December 31, 2034, to a new termination date ending December 31, 2040, with the exception of a one percent (1%) existing excise tax which shall be permanent for an indefinite period; providing that the excise tax levied by this amended Paragraph (D) under Section 10-2-205 shall be cumulative to all other excise taxes levied by this Chapter or any other taxing authority; providing for codification; providing an effective date for Sections 1 and 2 of this Ordinance with approval of the Ordinance by City voters required; providing for severability; and requiring the full text to be published.
- Committee
- City Council
- Introduced
- May 23, 2024
- On agenda
- June 3, 2024