At a previous City Council meeting, the vote to have the ordinance drafted was 3 – 3, with Cadiz Mayor Lyn Bailey voting in favor. As it was a first reading, there was no vote last Tuesday; instead, Cadiz City Clerk Lisa Rogers read the mission statement of the ordinance.
“All moneys collected from the tax authorized by this ordinance shall be turned over to the Cadiz-Trigg County Tourist and Convention Commission,” Rogers said.
The five-page ordinance would establish a 3-percent tax on all prepared or “ready-to-eat” food and drink sales at restaurants and other places that sell prepared food in the Cadiz City limits, which includes the restaurants at exit 65 on Interstate 24, downtown Cadiz and Hamtown. The Tourist Commission would be required to provide a copy of its budget to the City Council within 30 days of adoption.
Restaurants that don’t file restaurant tax returns or don’t remit the tax when due will be subject to a penalty equaling 5 percent of the restaurant tax due, and the total penalty levied won’t be less than $25.
For the rest of this story, see this week's issue of The Cadiz Record or subscribe to our e-Edition by calling 270-522-6605.