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BULLET St. Louis City Ordinance 65094

St. Louis City Ordinances have been converted to electronic format by the staff of the St. Louis Public Library. This electronic version has been done for the interest and convenience of the user. There may be maps or illustrations (graphics) that are not available in this format. These are unofficial versions and should be used as unofficial copies.

Official printed copies of St. Louis City Ordinances may be obtained from the Register's Office at the St. Louis City Hall.



FLOOR SUBSTITUTE
BOARD BILL NO. 172 [00]

INTRODUCED BY ALDERMAN LYDA KREWSON, FRANCIS G. SLAY, LEWIS REED, MATT VILLA, FRED HEITERT, STEPHEN GREGALI, JOSEPH D. RODDY, DANIEL KIRNER

 

An ordinance pertaining to income which is exempt from the City earnings tax, amending Section Eight of Ordinance 47063, approved April 28, 1954, as amended by Ordinance 64586 and as codified in Section 5.22.090 of the Revised Code, by adding a provision exempting any income received by a person in the form of or related to the grant, vesting or exercise of stock options, performance shares or performance-based stock related incentive plans from the city earnings tax, and containing an emergency clause.

BE IT ORDAINED BY THE CITY OF ST. LOUIS AS FOLLOWS:

SECTION ONE. Section Eight of Ordinance 47063, as amended by Ordinance 64586, is hereby amended to read as follows:

5.22.090 Nontaxable income.

The income referred to in Sections 143.120 to 143.150, R. S. Mo. 1949, as not being subject to the state income tax, any income received in the form of dividends, and any income received by a person in the form of or related to the grant, vesting or exercise of stock options, performance shares or performance-based stock related incentive plans shall not be taxable under this chapter.

SECTION TWO. Emergency clause.

This being an ordinance for the preservation of public peace, health, and safety, it is hereby declared to be an emergency measure within the meaning of Sections 19 and 20 of Article IV of the Charter of the City of St. Louis and therefore shall become effective immediately upon its passage and approval by the mayor.

 

 

Legislative History
1ST READING REF TO COMM COMMITTEE COMM SUB COMM AMEND
09/29/00 09/29/00 W&M 12/06/00  
2ND READING FLOOR AMEND FLOOR SUB PERFECTN PASSAGE

12/08/00

    12/08/00 12/15/00
ORDINANCE VETOED VETO OVR VETO OVR
65094     12/19/00

 

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