Laserfiche WebLink
51, <br /> ORDINANCE NO. 2264-98 <br /> AN ordinance changing the base for gambling tax on punch boards and <br /> pull-tabs for bona fide charitable or non-profit organizations from gross <br /> receipts to "net receipts" (gross receipts less prizes paid out) and setting <br /> the tax rate at ten percent of"net receipts". <br /> WHEREAS, the 1997 state legislature adopted a change to the laws applicable <br /> to gambling in Chapter 394 with respect to punch boards and pull-tabs; and <br /> WHEREAS, the state authority for imposing a city gambling tax was amended <br /> with respect to bona fide charitable or non-profit organizations; and <br /> WHEREAS, the change in the authority limits a city gambling tax be applied to a <br /> tax base of gross receipts less prizes paid out for bona fide charitable or non- <br /> profit organizations; and <br /> WHEREAS, the law also permits a tax rate of up to ten percent for bona fide <br /> charitable or non-profit organizations wherein the base is reduced by the amount <br /> paid out for prizes; and <br /> WHEREAS, the effective date for the change in state law by Chapter 394 was <br /> July 27, 1997; <br /> NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> Section 1: Section 5 of Ordinance No. 1023-84 as amended by Ordinance No. <br /> 1301-86 which reads as follows: <br /> Section 5: Tax on Punchboards and Pull-Tabs <br /> There is hereby levied upon and shall be collected from and paid by <br /> every person, association, or organization utilizing punch boards or <br /> pull-tabs, a tax in an amount of four (4) percent of the gross <br /> revenue received from punch boards or pull-tabs. <br /> is hereby amended as follows: <br /> Section 5: Tax on Punchboards and Pull-Tabs <br /> 5.1 There is hereby levied upon and shall be collected from and <br /> paid by every commercial stimulant operator utilizing punch boards <br /> or pull-tabs, a tax in an amount of four (4) percent of the gross <br /> receipts received from punch boards or pull-tabs; <br /> Section 2: Section 5 of Ordinance No. 1023-84 as amended by Ordinance No. <br /> 1301-86 which reads as follows: <br /> Section 5: Tax on Punch boards and Pull-Tabs <br /> There is hereby levied upon and shall be collected from and paid by <br /> every person, association, or organization utilizing punch boards or <br />