HomeMy WebLinkAbout70-229.~ ~~
WHEREAS, the 1970 State Legislature provided that 30%
of business inventories be exempted frantaxation in the 1970-7i
fiscal year, and
WHEREAS, the provided reimbursement to the County~ of
Burte failed, by the amount of $121,138.94, to cover the total
loss af tax revenues, from ~he 30% exemption of business inven-
tories, and
W~riFR~AS,failure to receive fu11 reimbursement for this
lost revenue w9.1~. create a critical deficiency in County reven~.es
and will place an undue burden on Butte County property taxpayers,
NOW, THEREFORE, BE IT RESOLVED, that the Board of Super-
visors of the County of Butte does hereby request that urgency
legisla~ion, be enacted, by the 1971 California State Legislature,
to provzde additional monies for th.e State to fully reimburse
the County of Butte for the total loss of ~ax revenuas, from the
30% exemption of business inventories, as set rorth in th.e attached
exhibit "Computation of Business Inventory Tax Loss", and to
provide for 100% reimbursement in future years.
PASSED AND ADOPTED BY the Butte County Board of Super-
visors this 8th day of December, 1970, by the following vote:
AY~S: Supervisors Howsden, Maxon, Mclrillop, Reynolds and Chairman Dunaway
NOES: None
ABSENT: None
~
0. ~. D A, C airman. o e
ATTEST: Board of Supervisors
CLARK A. N~LSON, County Clerk
and ex-officio Clerk of the Board.
By ~~,..~c ~t ~~'~
APPRpVED AS 70 K}Rlvl
Bu+Fe County C9unsel
Danie! V Bla~,kst ek
ay .. __ ` ......_............_..___....
R~SOLUTION REQUESTING STATE ZEGISLATUR~
TO ENACT URGII~ICY LEGISLAT ION .
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