HomeMy WebLinkAbout69-158RESOLUTION N0. 69- fs(~
BOARD OF S~JPERVISORS
1 COUNTY OF BUTTE, STATE OF CALIFORNIA
2 RESOLUTION URGING REMEDIAL LEGISLATION CONCERNING
BUSINESS INVENTORIES PROPERTY TAX EXEMPTION
3:
~} WHEREAS, in 1968, the Legislature enacted property tax
relief in the form of a 15% business inventories exemption; and
g WHEREAS, it was understood to be the intent of the
g Legislature that this exemption not operate so as to decrease
g revenues at the county level; and
g WHEREAS, reimbursement monies have been allocated to all
to counties by the State for the 1969-70 fiscal year in a manner
11 which has arbitrarily yielded windfalls to some counties while
12 shorting others; and
13' WHEREAS, in the fiscal year 1969-70, the County of Butte
14 will lose $206,846 in property tax revenues due to the business
15 inventories exemption; and
16 WHEREAS, the State has allocated only 5158,449 as reim-
17 bursement for this loss,
lg NOW, THEREFORE, BE IT RESOLVED by the Board of Supervisors
19 of the County of Butte, State of California, as follows:
20 That the California Legislature act as soon as possible
21 to provide remedial legislation to establish a fair and equitable
22 method of reimbursing counties for tax revenues lost as a result
23 of the business inventories exemption.
24 BE IT FURTHER RESOLVED that copies of this resolution be
2g sent to the Honorable Ronald Reagan, Governor of the State of
28 California, the Honorable Fred Marley, Senator of the State of
2q California, and the Honorable Ray Johnson, Assemblyman of the State
28 of California.
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1 PASSED AND ADOPTED by the Board of Supervisors of the
2 County of Butte, State of California, this lath day of September,
3 19b9, by the following vote:
4 AYES: Supervisors Dunaway Howsden~ Maxon Aeynolds~
Chairman McKillop
5 NOES: NONE
6 ABSENT: NONE
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8
J McKILLOP, Chai man of t e
9 to County Board of Supervisors
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11 ATTEST:
12 CLARK A. NELSON, County Clerk
and ex-officio Clerk of the
13 Board of Supervis)),~ors~~
14 By ~_~ ~' Y,v~C~-
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