86-64 EXTENDING DEDUCTION OF MUNICIPAL RETAILER'S OCCUPATION TAX WITHIN ENTERPRISE ZONE

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;`,�a�;on�f,",ounty Certity , Ttipt This IristrVnant Wes Flled Fc � � t�ocor� At`�1,:L10-_AM And .:,� . � �p�C� 12l'705s � 4 �n�K221� �:�ia�239 c�, � J�� 31��v� 1�'" ORDINANCE NO. � �p -'�a � ��acac�ad t,a �0�?�'3 �'�'Qe�.3.9 �,� _,_ ��i�, ORDINANCE EXTENDING DEDUCTION OF MUNICIPAL 7�`""'`" RETAILER' S OCCUPATION TAX WITHIN ENTERPRISE ZONE Foc�...�� rd�r o! ri�?�d^ . BE IT ORDAINED BY THE COUNCIL OF THE CITY OF DECATUR, ILLINOIS: Section 1. That Ordinance No. 82-122 passed the 29th day of December, 1982, and subsequently amended, be, and the same is hereby, further amended at Sections 7 and 8 thereof so that as so amended said sections provide as follows : jection 7 . That �o:nmencing the first day of the calendar month next following the month in which said zone is certif ied and continuing through June 30, 1989, each retailer whose place of business is within the corporate limits of the City is authorized to claim a deduction of the Municipal Retailer' s Occupation Tax of the City based upon the sale of building materials to be incorporated into real estate within the zone by remodeling, rehabilitation or new construction. Section 8. That after June 30, 1989, the Council shall review the necessity, desirability and fiscal impact of such deductions and may by ordinance continue or discontinue the same whichever appears to be in the better interest of the general health, safety and welfare of the City. Section 2. That except as amended hereby, the provisions of Ordinance No. 82-122, as previously amended as aforesaid, shall be, and remain, in full force and effect and shall apply to the premises therein described. Section 3. That Ordinance No. 86-53 be, and the same is hereb�, repealed. PRESENTED, PASSED, APPROVED AND RE RDED this � day of , 1986. � ' � , � , MAYOR ATTEST: . � ITY CLERK