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HomeMy WebLinkAbout3555 I RESOLUTION NO. 3555 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, IN OPPOSITION TO PROPOSED ELIMINATION OF LOCAL TAXES FROM LIST OF DEDUCTIONS ON FEDERAL INCOME TAX. THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, DOES DETERMINE AND RESOLVE AS FOLLOWS: SECTION 1. That real property taxes constitute an indis- pensable source of income for California municipalities. That a failure to fully exempt from federal income taxation the amount paid for real property taxes would constitute double taxation and impose an unreasonable burden upon the local home-owner taxpayer. That for decades the amounts paid for local real property taxes have been de- ductible items in federal income tax returns; that a removal of local real property taxes from the list of deductible items in federal in- come tax returns would be manifestly unfair to the taxpayer and would have serious effeet on the ability of local government to finance their normal operations. SECTION 2. That this City Council does hereby express its firm and continued opposition to any legislative proposal the purpose or effect of which will be to omit wholly or partially from the list of deductible items on the federal income tax returns amounts paid for local real property taxes. SECTION 3. The City Clerk shall certify to the adoption of this resolution and shall forward certified copies to the League of California Cities and to Senators Kuchel and Engle. I HEREffi~ CERTIFY that the foregoing resolution was adopted at a regular meeting of the City Council of the City of Arcadia held -1- 3555 .' on the 19th day of February, 1963, by the affirmative vote of at least three Councilmen, to wit: AYES: Councilmen Balser, Phillips, Reibo1d, Turner and Butterworth NOES: None ABSENT: None ~~~ ty Clerk of the Ci y of Arcadia ./ SIGNED AND APPROVED this 19th day of February, 1963. )J~/oJ cl.g;)~ ~Mayor of the C ty of Arca ia ATTEST: ~~~) City Clerk (SEAL) -2- 3555