§ 1506 - Town of Stowe pension plan
§ 13-1506. Sales, rooms, meals, and alcoholic beverages tax
(a) The city council may impose a tax on those transactions in the city involving sales, rooms, meals, and alcoholic beverages which are subject to taxation by the state of Vermont. The authority of the city council to impose a tax on these transactions was approved by the voters on November 7, 2006. Imposition of any tax by the city council under this section shall be at the rate or rates specified in section 138 of Title 24, and shall be imposed in accordance with the requirements of subdivision 138(a)(2), and subsections (c) and (d) of Title 24.
(b) The city council shall impose a tax authorized by this section by adopting an ordinance in the manner provided by sections 106-109 of this chapter.
(c) Sales tax revenue received by the city shall be used to reduce the municipal property tax collected on the city grand list and shall not be used to increase total city revenues.
(d) Rooms, meals, and alcoholic beverage tax revenues received by the city may, at the sole discretion of the city council, be used in any of the following ways:
(1) to deposit in a reserve fund established by the city council to fund the purchase of land or for construction or reconstruction of city buildings and infrastructure;
(2) to reduce the municipal property tax collected on the city grand list without increasing total city revenues; or
(3) any combination of subdivisions (1) and (2) of this subsection. (Added 2007, No. M-13, § 2; eff. May 8, 2007.)