HomeMy WebLinkAbout076 - 07/21/1992 - AMENDING CITY CODE PERTAINING TO THE GAS COMPANY OCCUPATION TAX ORDINANCE NO. 76, 1992
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AMENDING SECTIONS 25-344 AND 25-346 OF THE CODE OF THE
CITY OF FORT COLLINS PERTAINING TO THE
GAS COMPANY OCCUPATION TAX
WHEREAS, Section 25-344 of the Code of the City of Fort Collins ("the
Code") defines "taxable year" for purposes of the gas company occupation tax; and
WHEREAS, the Council wishes to amend Section 25-344 to define "taxable
year" as the calendar year; and
WHEREAS, Section 25-346 of the Code concerns the time of payment of the gas
occupation tax; and
WHEREAS, the Council wishes to amend Section 25-346 of the Code in order
to allow for quarterly installment payments; and
WHEREAS, these amendments to Sections 25-344 and 25-346 of the Code are in
the best interests of the citizens of Fort Collins.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS
as follows:
Section 1 . That Section 25-344 of the Code is hereby amended to read as
follows:
Sec. 25-344. Definitions.
Taxable year shall be the twelve-month period beginning on
January 1 of any year, and ending on December 31 of that year.
Section 2. That Section 25-346 of the Code is hereby amended to read as
follows:
Sec. 25-346. Time of payment of tax.
The occupation tax levied by this Article shall accrue against
each and every gas company and shall be payable in quarterly
installments. Such installments shall be paid no later than the
tenth day after the end of each quarter. Any quarterly installment
not paid on or before said date shall be considered delinquent.
The quarterly installments need not be equal and such company may
make payments consistent with applicable tariffs on file with the
Colorado Public Utilities Commission; provided, however, that the
first quarterly installment for the months of January, February and
March shall be not less than one hundred fifty thousand dollars
($150,000. ) ; that the sum of the first quarter and the second
quarter payments shall be not less than two hundred seventy-five
thousand dollars ($275,000. ) ; that the sum of the first two
quarterly payments and the third quarter payment shall be not less
than three hundred twenty-five thousand dollars ($325,000. ) ; and
that the payment due in the final quarter plus payments due for the
first three quarters shall equal four hundred forty-five thousand
dollars ($445,000.) .
Introduced, considered favorably on first reading, and ordered published
this 7th day of July, A.D. 1992, and to be presented for final passage on the
21st day of July, A.D. 1992.
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 21st day of July, A.D. 1992.
ayor
ATTEST:
" City Cl�