Proposition U - Beverly Hills
Ballot wording: Shall the City of Beverly Hills, Missouri, collect a local Use tax on the purchase of goods from a source outside Missouri in excess of $2,000.00? Rejection of this measure will result in a reduction of local revenue to provide for vital services for the City of Beverly Hills, Missouri.Summary: Per state law, the City wants voters to allow it to collect local use tax on out-of-state purchases over $2,000 in any calendar year. If passed, the amount of revenue used to provide essential services will be maintained. Supporters say that if Proposition U does not pass, city revenue will decrease. It will also even the playing field for local retail businesses. The city wants to apply the current local sales tax on purchases from out-of-state sellers, such as online vendors. Residents who make less than $2,000 in internet purchases are not required to file a use tax return. Proponents say that internet purchases have significantly increased while local retail sales have declined. The sales taxes from local retailers contributes to the Beverly Hills budget revenue which pays for local services, and the decline in sales yet increase in internet sales has caused both the city and local businesses to suffer from lost tax and sales revenue. Opponents oppose tax increases. .
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