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018 of 2018 - Adopting a Supplemental Sales and Use Tax 0 18-1 B 18-6 SALT LAKE CITY ORDINANCE No. 18 of 2018 (Adopting a Supplemental Sales and Use Tax) An ordinance adopting a supplemental sales and use tax that will be applied to eligible transactions within Salt Lake City pursuant to the requirements and criteria set forth in Utah Code§59-12-402.1. WHEREAS,the number of individuals living,working,and visiting Salt Lake Corporation("City')continues to grow at a rapid pace; WHEREAS,the City has identified a sariety of one time and ongoing needs within the City that must be addressed in order to provide City residents with quality infrastructure and services,while also effectively performing the City's other municipal responsibilities; WHEREAS,Utah Code§59-12-402.1 authorizes municipalities to impose a state correctional facility sales and use tax(a"Supplemental Sales and Use Tax")upon certain eligible transactions if the construction of a new state correctional facility has begun within the boundaries of that municipality; WHEREAS,construction of a new state correctional facility has now begun within the boundaries of the City; WHEREAS,a municipality imposing a sales and use tax under Utah Code§59-12-402.1 is not subject to Utah Code§59-12-405. WHEREAS,the revenues generated through the Supplemental Sales and Use Tax may be used to address carious needs throughout the City including,but not limited to,street construction,repair,and maintenance,neighborhood safety,housing,transportation,fiscal planning,and other needs that arise as the City continues to grow and move forward;and WHEREAS,the Salt Lake City Council finds that the assessment of a Supplemental Sales and Use Tax reasonably furthers the general welfare of the citizens of Salt Lake City. NOW,THEREFORE,be it ordained by the City Council of Salt Lake City,Utah: SECTION 1. That a Supplemental Sales and Use Tax of 0.5%is hereby established, approved,and levied pursuant to Utah Code§59-12-402.1. This Supplemental Sales and Use Tax shall be imposed,to the extent permitted,on the eligible transactions identified in Utah Code §59-12-402.1(4,7),but shall not be imposed on the exempt transactions identified in Utah Code §59-12-402.1(5). The Supplemental Sales and Use Tax shall be imposed in addition to any other sales and use taxes currently assessed by the City. SECTION 2. That a notice informing the Utah State Tax Commission of the City's election to impose a Supplemental Sales and Use Tax shall be transmitted to the Utah State Tax Commission in accordance with Utah Code§59-12-403(2). SECTION 3. That imposition of the City's Supplemental Sales and Use Tax on eligible transactions shall begin pursuant to the timing specified in Utah Code§59-12-403(2). SECTION 4. That this Ordinance shall become effective upon publication. Passed by the City Council of Salt Lake City,Utah,this 1st day of May 2018. CH IRPERSON ATTEST: ITY RECORD R 2 Transmitted to the Mayor on May 2, 2018 • Mayor's Action: Approved. Vetoed. MA OR ATTEST: Salt Lake City Attorney's Office Appro ed As To Form Date: `f// ('�' By: TY RECORDER — � Jay en Oldroyd P C�T� "4 G (SEAL) ^' $ Bill No. 18 of 2018. "P,a* p1' ' Published: r,� RATE May 11, 2018 HB_ATTY-1/69229-v I-Supplemental_Sales_Tax_Ordinance 3