Laserfiche WebLink
of the gross revenue from bingo games; provided, however, the amount paid out as prizes shall <br /> be deducted from the gross revenue. <br /> Section 2. Section 3 of Ordinance 1023-84 (EMC 3.36.030) which reads as follows: <br /> Raffles. <br /> There is levied upon and shall be collected from and paid by every person, association or <br /> organization conducting raffle events, a tax in an amount of three and one-half percent of the <br /> gross revenue from raffles; provided, however, the amount paid out as prizes shall be deducted <br /> from the gross revenue. <br /> Is hereby amended to read as follows: <br /> Raffles. <br /> There is levied upon and shall be collected from and paid by every person, association or <br /> organization conducting raffle events, a tax in an amount of three and one half five (5) percent <br /> of the gross revenue from raffles; provided, however, the amount paid out as prizes shall be <br /> deducted from the gross revenue. <br /> Section 3. Section 5 of Ordinance 1023-84 (3.36.050), as amended, which reads as follows: <br /> Punch boards and pull-tabs—Commercial stimulant operators. <br /> Effective 2:00 a.m. January 1, 1998, there is hereby levied upon and shall be collected from and <br /> paid by every commercial stimulant operator utilizing punch boards or pull-tabs, a tax in an <br /> amount of ten percent of the gross receipts from punch boards or pull-tabs less the amount <br /> awarded as cash or merchandise prizes. (Ord. 2265-98 § 3, 1998: Ord. 2264-98 § 1, 1998: Ord. <br /> 1301-86 § 1 (part), 1986; Ord. 1023-84 § 5.1, 1984) <br /> Sections 4 and 5 of Ord. 2265-98 provide as follows: <br /> Section 4: For purposes of evaluating the results of the herein described taxation methodology <br /> during this trial period, the City will conduct a review and analysis of punch board and pull-tab <br /> tax activity following collection of third quarter 1998 revenues and tax return data. <br /> Section 5: If the City Council determines that in its evaluation the herein described tax <br /> methodology for the trial period meets the City's revenue-neutral objective, then this <br /> ordinance shall not sunset but shall become permanent and Section 1 of Ordinance No. 2264- <br /> 98 is hereby repealed effective 2:00 a.m. January 1, 1999. If City Council fails to make the <br /> above-described determination or if the City Council finds that the herein described tax <br />