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HomeMy WebLinkAbout4429 " RESOLUTION NO. 4429 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA EXPP~SSING SUPPORT FOR SENATE BILL NO. 1652. WHEREAS, Senator David Roberti, 27th District, has introduced Senate Bill No. 1652, which will eliminate and 'abolish the Business Inventory Tax; and WHEREAS, the League of California Cities has taken no official position on SB 1652, and has reported that it is believed that this legislation will have no significant revenue effect on cities; and WHEREAS, the Business'Inventory Tax has created hardship on our State's small business enterprises; and WHEREAS, should the tax be removed, the increased sales in the months of January and February may create additional sales tax in sufficient amount to offset revenue loss from the Business Inventory Tax; and WHEREAS, the City Council of the City of Arcadia, in an effort to support local businessmen, and businessmen statewide, supports Senator Roberti's efforts to abolish the Business Inventory Tax. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITX OF ARCADIA AS FOLLOWS: SECTION 1. The City Council of the City of Arcadia hereby .supports Senate Bill No. 1652, aimed at the elimination and ab.olish- ment of the Business Inventory Tax. SECTION 2. The City Clerk is directed to transmit -1- 4429 , certified copies of this resolution to Senators H. L. Richardson, John L. Harmer and Alfred H. Song, Assemblymen John L. E. Collier and Harvey Johnson, the League of California Cities, the California Contract Cities Association and the Arcadia Chamber of Commerce. SECTION 3. The City Clerk shall certify to the adoption of this resolution. I HEREBY CERTIFY that the foregoing resolution was adopted at a regular meeting of the City Council of the City of Arcadia held On the 21st day of Hay , 1974, by the affirmative vote of at least ,three Councilmen, to wit: AYES: Councilmen Gilb, Helms, Lauber, Saelid and Scott NOES: None ABSENT: None 1tY,Clerk 0 the C1ty of . / 'I. 21st daY,of / May / ~' 1974. ~_:~,:.. Jl Mayor of the-C1ty~~rca 1a -~~ -.. - -<. .---- '-/;: :...:../ ,'- .... -- ','~,--;:- --/" ~- ~ ~-- ,-' - ' SIGNED AND APPROVED this City Clerk (SEAL) -2- 4429