HomeMy WebLinkAboutLocal Investments for Transformation - Local Option Sales TaxRESOLUTION
A RESOLUTION SUPPORTING THE LOCAL INVESTMENTS FOR TRANSFORMATION
LEGISLATION (HOUSE BILL 1) DURING THE 2015 LEGISLATIVE SESSION OF THE
KENTUCKY GENERAL ASSEMBLY.
WHEREAS, Section 181 of the Kentucky Constitution does not allow the General Assembly to permit
any unit of local government to levy a tax paid on the purchase of a specific good,
making Kentucky one of only 12 states that does not allow any local governments to levy
a local option sales tax; and
WHEREAS, a main focus of the 2015 Kentucky Regular Session is House Bill 1, known as the Local
Investments for Transformation or LIFT legislation, which would allow citizens to vote
on a one -cent additional local sales tax to create a source of revenue for transformational
local projects that has a pre - determined end date; and
WHEREAS, those funds collected from levying a local option sales tax would be invested back into
the community for voter - approved infrastructure projects and quality of life
improvements that are decided by the citizens; and
WHEREAS, the Kentucky League of Cities estimates that a one - percent local option sales tax would
produce $15.9 million in total sales tax revenue per year for Paducah based on population
and 2013 sales tax revenue data; and
WHEREAS, the ability to generate funds from a local option sales tax would have a significant impact
on the quality of life for those who live, work and visit Paducah.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE
CITY OF PADUCAH, KENTUCKY:
SECTION 1. The City of Paducah supports House Bill 1 to allow local governments to create a source
of revenue by levying a local option sales tax not to exceed one percent (1 %) of the retail
trade, accommodation and food service sectors and to be used for voter approved
investments in infrastructure and quality of life projects in Paducah.
SECTION 2. The City of Paducah encourages its state -wide elected officials to pass House Bill 1,
thusly affording local governments the right to bring a local option sales tax to a vote in
Paducah and allowing the voters to determine what significant investments, if any, are
best suited for our community.
SECTION 3. This Resolution shall be in full force and effect from and after its adoption.
CITY CLERK
Adopted by the Board of Commissioners, January 27, 2015
Recorded by Tammara S. Sanderson, City Clerk, January 27, 2015
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