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INTRODUCED BY: Ms. Francine Brungardt DATE: 05/01106 BILL NO.: 8871 ORDINANCE NO.: 6635 AN ORDINANCE OPTING OUT OF THE STATE SALES TAX HOLIDA Y. WHEREAS, Section 144.049 RSMo specifically exempts from State sales tax law all retail sales of any article of clothing having a taxable value of one hundred dollars ($100.00) or less, all retail sales of school supplies not to exceed fifty dollars ($50.00) per purchase, all computer software with a taxable value oftwo hundred dollars ($200.00) or less, and all retail sales of personal computers or computer peripheral devices not to exceed three thousand five hundred dollars ($3,500.00), during a three-day period beginning at 12:01 a.m. on the first Friday in August and ending at midnight on the Sunday following in each year; and WHEREAS, Section 144.049 RSMo permits the governing body of any political subdivision to adopt an ordinance to prohibit the provisions of Section 144.049 RSMo from exempting sales that occur within the political subdivision from being subject to the local sales taxes applicable to sales within the political subdivision; and WHEREAS, the City of University City, Missouri desires to opt out of the so- called "sales tax holiday." NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF UNIVERSITY CITY, MISSOURI, AS FOLLOWS: Section 1. The City of University City, Missouri hereby prohibits the provisions of Section 144.049 RSMo from exempting sales that occur within University City from being subject to the local sales taxes applicable to sales within University City during the three-day period beginning at 12:01 a.m. on the first Friday in August and ending at midnight on the Sunday following in each year; and Section 2. The City Clerk is hereby directed to send written notice to the Missouri Department of Revenue of the substance of this ordinance, which must be received by the Missouri Department of Revenue prior to June 20, 2006. Section 3. This ordinance shall take effect and be in force from and after its passage as provided by law.