Ordinance No. 19399 - Laserfiche WebLink

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Section 3. Subsections 42}, 43}, and 44} of Section 3.700 of the Eugene Code, 1911, are amended to read and provide: 3.100 Downtown Develo meet District Tax - Lev . 42} Except as provided i n subsections 43} and 44} of this section and except for professionals, for those exempt under state law from municipal taxation, and for an owner or occupant of property exempt from taxation under section 3.755 of this code, each person who engages in a business in the Downtown Development District during part or all of a quarter of a year shall pay to the city far that quarter a tax of $3.50 per $1,000 of the gross re- tail sales and receipts from the business during that quarter. A minimum tax of $10.0o shall be charged each quarter of a year for each business, .43} Each person engaged in banking or a savings and loan associ- at~on business ~n the Downtown Development District during part or all of a quarter of a year, shall pay t0 the city for that quarter a tax of $3.50 per $1,000 of one and three-quarters percent 4.0115} of the total demand deposits, and of $3,50 per $1,000 of five-tenths of one percent 4.005} of the total time deposits. Total time and demand deposits of banks shall be the total daily average deposits during that quarter as reported on the Federal Reserve Call; and total time deposits of savings and ]oan associtions shall be the total daily average of all savings deposits during that quarter. Whenever savings and loan associations receive demand-type deposits, the tax rate on those deposits shall be $3.50 per $1,000 of one and three-quarters percent 4.0175} of the daily average of those deposits during that quarter. 44} Each person engaged i n a consumer finance business i n the Downtown Development District during part or all of a quarter of a year shall pay to the city far that quarter a tax of $3.50 per $1,OOo of five percent 4.05} of the total principal balance of direct loans outstanding at the end of that quarter, excluding finance charges. Section 4, Subsection 42} of Section 5.233 of the Eugene Code, 1911, is amended to read and provide: 5.233 Information for Control of Parkin in Downtown Develo ment District. 42} The information required by this section shall be supplied in a mode and on forms prescribed by the city manager or the manager's designee. Section 5. Subsections (5) and (6) of Section 5.285 of the Eugene Code, 1911, are amended to read and provide: 5.285 Ch arges fOr,Off-Street Parking. 45} Except for the airport as defined in section 2.415 of this Code, the following maximum charges are hereby established for Ordinance - 2