1965 Ordinances - Laserfiche WebLink

Home Browse Search

fully, giving the type of equipment, the serial number, the make and model (if applicable), the location on June l, 1965, and the estimated value of such equipment. Property situated in .the City of Portsmouth, may be transported out of this City and later reimported into the City for use in this City pro- vided that notice is given to the Comnissioner at least one Week before such property is transported outside the City, together with a camplete and full description of such property. RULE 106: Exempt Property Later Used for Purposes Other Than for ~at the Exemption was Allowed. When a person, corporation, or business association imports tangible personal property which falls under the ~xempt category and is later used as property which becomes taxable, such use must be reported and a tax paid thereon at the end of the month in which the taxable use arose. It is the duty of the person, corgoration, or business association to keep records in such manner as to show accurately Just what determination is made of such exempt property reported. Section 2: That the for~_going rules and regulations are designed to assist the dealer in accurately reporting to the Commissioner his true tax liability, and shall have the same force and effect in the application of the Ordinance as the Ordinance itself. These rules and regulations are general in character and it must not be ass~ned that they cover every conceivable situation that might arise in regard to the provisions of the Ordinance. These rules and regulations shall be and remain in full force and effedt until repealed, modified or ~mended by the Council. It is the desire of the Council that the Cc~missioner of the Revenue and the City Treasurer and their employees, cooperate with each person or dealer in every respect and will attempt to furnish all necessary information so that the tax may be easily administered and collected. Section 3: That the provisions of this Or~Linance shall be in effect on and after Jane l, 1965. Section 4: That the catch line appearing before each rule is in- tended as mere catch words to indicate the contents of the rule and shall rot be deemed or taken to be the title of such rule, nor as any part of the PUle, nor unless expressly so provided, shall it be so deemed when any of the fizles, including the catch line, are amended or re~enacted. Section 5: %~nat the provisions of this Ordinance are hereby declared to be severable. If any part, section, provision, exception, sentence, clause, phrase, o~ the application thereof to any person or circumstance for any reason be adOudged ~o be invalid, the remsinder of the ordinance shall remain in-f%~ll force and effect and its validity shall n~.t be imp~red, it being the