§ 98-37. Hotel and restaurant tax for parks and recreation.

(a)

There is levied an additional one percent of tax upon the gross receipts or gross proceeds on the renting, leasing or otherwise furnishing of hotel or motel accommodations for profit in the city and upon the gross receipts or gross proceeds of restaurants, cafes, cafeterias and other establishments engaged in the business of selling prepared food for consumption on the premises in the city. All establishments remitting this tax shall be entitled to a two percent discount on the amount due if such amount is paid on or before the 20th day of each month.

(b)

The proceeds from the tax levied by this section shall be for the benefit of the parks and recreation commission.

(Code 1980, § 17-16.1)

State law reference

Authority for above tax, A.C.A. § 26-75-602.