Iberia Parish Has One Tax Issue On Saturday’s Ballot
Voters in Iberia Parish will decide the fate of a sales tax proposition on the ballot Saturday, May 3, that could affect the ability of the parish to improve road and bridge conditions
The 1/2% sales tax would be levied for 10 years.
The tax would be levied on, according to the Secretary of State's website, " upon the sale at retail, the use, the lease or rental, the consumption and storage for use or consumption of tangible personal property and on sales of services in the Parish."
Proceeds from the taxes, if passed, would be used used for the construction, improvement and maintenance of roads and bridges in the parish.
The issue will be on Saturday's ballot as follows:
- Parishwide Proposition, (1/2% Sales Tax) for 10 yrs.Shall the Parish of Iberia, State of Louisiana (the "Parish"), be authorized to levy and collect a tax of one-half of one percent (1/2%) (the "Tax") upon the sale at retail, the use, the lease or rental, the consumption and storage for use or consumption of tangible personal property and on sales of services in the Parish, all as defined by law (an estimated $7,100,000 reasonably expected at this time to be collected from the levy of the Tax for an entire year), for a period of ten (10) years, beginning July 1, 2014, with the proceeds of the Tax (after paying costs of collecting and administering the Tax) to be used to construct, improve, and maintain roads and bridges and acquire equipment therefor, provided, however, that the percentage of the proceeds of the Tax budgeted to be spent in each year within the boundaries of any municipality in the Parish shall not be less than the proportion of the population of such municipality to the population of the Parish according to the 2010 U.S. Census, and further, shall the Parish be authorized to fund proceeds of the Tax into bonds.