§ 16G-2. Tax imposed.

(a)

There is hereby levied and imposed a tax at the rate of ten (10) percent on the price of each ticket sold as admission to an event held at the Irving Entertainment Center.

(b)

The admissions tax imposed under this section shall be collected on every ticket sold in connection with an event held at the Irving Entertainment Center and shall continue to be collected for so long as any bonds or other obligations that are issued by the city under Section 334.043 of the Act for the purpose of financing a portion of the costs of the Irving Entertainment Center, and any bonds or other obligations refunding or refinancing those bonds or other obligations, are outstanding and unpaid.

(Ord. No. 2010-9202, § 1, 8-25-10; Ord. No. 2014-9558 , § 1, 3-20-14)