ORDINANCE NO. 08-10-2026-1
AN ORDINANCE PROVIDING FOR THE LEVY OF A TWO PERCENT SALES AND USE TAX WITHIN THE CITY OF PARKIN, ARKANSAS; AND PRESCRIBING OTHER MATTERS PERTAINING THERETO
Whereas, the City Council of the City of Parkin, Arkansas (the “City”), has determined that there is a great need for immediate improvement of municipal services and for a source of revenue to finance such services; and
Whereas, Title 26, Chapter 75, Subchapter 2 of the Arkansas Code of 1987 Annotated (the “Authorizing Legislation”) provides for the levy of a two percent (2%) citywide sales and use tax; for the purpose of GENERAL FUND, to be collected on a permanent basis and it shall be levied and collected continuously until such time it is repealed by a majority of the voters at a general or special election;
NOW, THEREFORE, BE IT ORDAINED by the City Council of the City of Parkin, Arkansas:
SECTION 1.Authority:
Under the authority of the Authorizing Legislation, there is hereby levied a two percent (2%) tax on the gross receipts from the sale at retail within the City of all items which are subject to the Arkansas Gross Receipts Act of 1941, as amended (A.C.A. 26-52-101, et seq.), and the imposition of an excise (or use) tax on the storage, use, distribution or other consumption with the City of tangible personal property subject to the Arkansas Compensating Tax Act of 1949, as amended (A.C.A. 26-52-101, et seq.) at a rate of two percent (2%) of the sale price of the property or, in the case of leases or rentals, of the lease or rental price (collectively, the “Sales and Use Tax”).
SECTION 2: PERMANENT LEVY.
The sales and use tax levied by this Ordinance shall be permanent in duration and shall continue to be collected by the State of Arkansas and remitted to the City of Parkin, Arkansas, for use as provided herein, until such time as it may be repealed by a vote of the qualified electors of the City of Parkin in the manner provided by law. This tax shall not expire or contain any sunset provision, but shall remain in full force and effect indefinitely.
SECTION 3. That all ordinances and parts thereof in conflict herewith are hereby repealed to the extent of such conflict.
SECTION 4. This Ordinance shall not take effect until an election is held on the question of levying the Sales and Use Tax at which a majority of the electors voting on the question shall have approved the levy of the Sales and Use Tax.
Passed this __10th____ day of __August______________, 2026.
APPROVED:
___/s/ Carolyn Slaughter________________
Carolyn Slaughter, Mayor of Parkin
ATTEST:
_____/s/ Prenita White____________
City Clerk/Treasurer Prenita White
