Title: Temporary Gross Receipts and Compensating Tax Increase
Vote to pass a bill that temporarily increases the gross receipts and compensating tax rate and requires a referendum for increasing municipal gross receipts tax rates beginning July 1, 2010.
-Increases the gross receipts and compensating tax rate as follows (Secs. 4-5):
Title: Temporary Gross Receipts and Compensating Tax Increase
NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.