Town of Iowa Proposition
(1/2% Sales Tax Renewal)
Shall the Town of Iowa, Louisiana (the "Town") pursuant to Article VI, Section 29 of the Louisiana Constitution of 1974, and other constitutional and statutory authority, be authorized to renew levy and collection of a sales and use tax of one-half percent (1/2%) (the "Tax"), previously authorized at an election held on October 22, 2011, in perpetuity beginning July 1, 2022, upon the sale at retail, use, lease or rental, consumption and storage for use or consumption of tangible personal property and on sales of services within the Town, all as presently or hereafter defined in La. R.S. 47:301 to 47:317, inclusive, with collections from the levy of the Tax estimated to be $430,669.00 for one entire year, with the proceeds of the Tax (after paying the reasonable and necessary expenses of collecting and administering the Tax) to be dedicated and used for the following purposes: flood control maintenance and flood control improvements; economic development activities; capital improvements and maintenance to the Town Hall and Town Park situated in the Town of Iowa?