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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
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4429
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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
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SIGNED AND APPROVED this
City Clerk
(SEAL)
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4429