CHAPTER 140:  TAXATION

Art. I.  General Provisions

§     140.010: Publication Of Semiannual Financial Statements

140.020: Procedures For Establishing Rate Of Taxation─Notice Required

Art. II.  Capital Improvements Tax

§     140.030: Capital Improvements Tax

Art. III.  Use Tax

§     140.040:       Use Tax

ARTICLE I.  GENERAL PROVISIONS

SECTION 140.010: PUBLICATION OF SEMIANNUAL FINANCIAL STATEMENTS

A.    During the month of March and again during the month of September of each year the City Treasurer shall prepare and file with the City Clerk a full and detailed account and statement of the receipts and expenditures and indebtedness of the City for the half (½) year ending with the last day of the months of February and August, respectively, which statement the City Clerk shall present to the Board of Aldermen at the next regular meeting for inclusion in the minutes and records of said meeting.  In addition, the City Clerk shall cause a copy of such statement to be published in a newspaper circulated within the City as required by law.

B.    In the event the financial statement is not published as required above, the City Treasurer shall not pay out any money of the City on any warrant or order of the Board of Aldermen after the end of the month in which such financial statement should have been published until such time as such financial statement is published.  (Ord. No. 440 §1, 7-6-93)

SECTION 140.020: PROCEDURES FOR ESTABLISHING RATE OF TAXATION─ NOTICE

REQUIRED

A.    The Board of Aldermen shall fix the City's ad valorem property tax rate not later than September first (1st) each year.  Prior thereto, the official responsible for preparing the City's budget shall present to the Board of Aldermen the following information for each tax rate to be levied: the assessed valuation by category of real, personal and other tangible property in the City as entered in the tax book for the fiscal year for which the tax is to be levied; the assessed valuation by category of real, personal and other tangible property in the City for the preceding taxable year; the amount of revenue required to be provided from the property tax as set forth in the annual budget adopted as provided by law; and the tax rate proposed to be set.

B.    The Board of Aldermen shall hold at least one (1) public hearing on the proposed rates of taxes at which citizens may be heard prior to approval.  The Mayor shall determine the time and place for such hearing.  A notice stating the hour, date and place of the hearing shall be published in at least one (1) newspaper of general circulation in the City, or such notice shall be posted in at least three (3) public places within the City.  Such notice shall be published or posted at least seven (7) days prior to the date of the hearing.  The notice shall include the assessed valuation by category of real,

personal and other tangible property in the City for the fiscal year for which the tax is to be levied, the assessed valuation by category of real, personal and other tangible property in the City for the preceding taxable year, for each rate to be levied the amount of revenue required to be provided from the property tax as set forth in the annual budget adopted as provided by law, and the tax rates proposed to be set for the various purposes of taxation.  The tax rates shall be calculated to produce substantially the same revenues as required in the annual budget.  Provided, however, that the Board of Aldermen may increase the City's tax rate to allow for inflationary assessment growth as allowed by Section 137.073, RSMo., in the manner allowed by law.

C.    Following the hearing the Board of Aldermen shall fix the rates of taxes, the same to be entered in the tax book.  (Ord. No. 440 §2, 7-6-93)

ARTICLE II.  CAPITAL IMPROVEMENTS TAX

SECTION 140.030: CAPITAL IMPROVEMENTS TAX

Pursuant to Section 94.577, RSMo., a sales tax at the rate of one-fourth of one percent (0.25%) is hereby imposed upon sellers for the privilege of engaging in the business of selling tangible personal property or rendering taxable services at retail to the extent and in the manner in Sections 144.010 to 144.525, RSMo., and the rules and regulations of the Director of Revenue issued pursuant thereto.  The amount reported and returned to the Director of Revenue by the seller shall be computed on the basis of the combined rate of the tax imposed by Sections 144.010 to 144.525, RSMo., and the tax imposed by this Section, plus any amounts imposed under other provisions of the law.  (Ord. No. 469 §1, 7-11-95; Ord. No. 474B §1, 11-14-95)

ARTICLE III.  USE TAX

SECTION 140.040: USE TAX

A.    Pursuant to the authority granted by, and subject to, the provisions of Sections 144.600 through 144.761, RSMo., and Section 144.757, et seq., RSMo., Supp. 1996, H.S.S.S.S.B. 981 of the 88th General Assembly, 2nd Session, a use tax for general revenue purposes is imposed for the privilege of storing, using or consuming within the City any article of tangible personal property.  This tax does not apply with respect to the storage, use or consumption of any article of tangible personal property purchased, produced or manufactured outside of this State until the transportation of the article has finally come to rest within this City or until the article has become commingled with the general mass of property of this City.

B.    The rate of the tax shall be one-half of one percent (0.5%).  If any City sales tax is repealed or the rate thereof is reduced or raised by voter approval, the City use tax rate shall also be deemed to be repealed, reduced or raised by the same action repealing, reducing or raising the City sales tax.

C.    The City of Pasadena Hills hereby chooses and selects that the distribution of proceeds of the City's use tax received by the Missouri Collector of Revenue shall be in accord with the terms and provisions of "Option 2" of Section 94.8890.4, RSMo., Supp. 1995, such that one hundred percent (100%) of the said use taxes collected shall be deposited with the Director of Revenue and the City of Pasadena Hills shall thereafter receive distribution by the said Director based on the percentage ratio that the population of the said City bears to the total population of all the municipalities in St. Louis County choosing Option 2 for distribution of municipal use taxes.  (Ord. No. 482 §§1─2, 6-4-96; Ord. No. 485 §1, 8-13-96)