HomeMy WebLinkAbout67-12 - Income Tax - Urging Home Maintenance Exemption3I 4
RESOLUTION N0. 67-12
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COSTA MESA
URGING AMENDMENT OF THE INTE3NAL REVENUE ACT TO ENCOURAGE
THE PRESERVATION AND MAINTENANCE OF RESIDENTIAL PROPERTY
BY HOMEOWNERS.
WHEREAS, the existing stock of residential property in the cities and
towns of America provides the core of the residential resources of our country;
and
WHEREAS, the creation of new housing can never provide more than a small
percentage of the units available in the existing housing stock; and
WHEREAS, the preservation of this priceless natural and economic resource
must be the keystone of national housing policy;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Costa
Mesa that the Internal Revenue Act be amended to permit homeowners to deduct
up to $1000.00 a year for the maintenance and preservation of their homes; and
BE IT FURTHER RESOLVED, that the three percent direct loan and rehabili-
tation grant programs available in urban renewal and federally -aided code
enforcement areas be expanded to make possible the improvement to at least
municipal code standards of all housing in every community with an approved
workable program.
PASSED AND ADOPTED, this 6th day of February, 1967•
-���-
Mayor of the City of Costa Mesa
ATTEST: ,
City Clerk of� f Costa Mesa
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS.
CITY OF COSTA MESA )
I, C. K. PRIEST, City Clerk of the City of Costa Mesa and ex -officio
Clerk of the City Council of the City of Costa Mesa, hereby certify that the
above and foregoing Resolution No. 67-12 was duly and regularly passed and
adopted by the City Council of the City of Costa Mesa at a regular meeting
held on the 6th day of February, 1967.
IN WITNESS WHEREOF I have hereunto set my hand and affixed the
Seal of the City of Costa Mesa, this 7th day of February, 1967.
City Clerk and ex -officio Clerk of the
City Council of the City of Costa Mesa