HomeMy WebLinkAbout14-17 - Reciprocal and Confidential Exchange of Tax DataRESOLUTION NO. 14-17
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COSTA MESA,
CALIFORNIA, AUTHORIZING THE CITY OF COSTA MESA TO ENTER INTO AN
AGREEMENT WITH THE STATE OF CALIFORNIA FRANCHISE TAX BOARD
AUTHORIZING THE RECIPROCAL AND CONFIDENTIAL EXCHANGE OF TAX
DATA IN THE CITY BUSINESS TAX PROGRAM
THE CITY COUNCIL OF THE CITY OF COSTA MESA DOES HEREBY
RESOLVE AS FOLLOWS:
WHEREAS, businesses operating in the City of Costa Mesa are required to pay
all legally mandated local business forms an taxes; and,
WHEREAS, self-employed individuals in the State of California are required to
file appropriate individual and business entity income tax returns; and,
WHEREAS, entering into a reciprocal agreement with the State of California's
Franchise Tax Board's City Business Tax Program will provide the secure exchange of
reciprocal tax information that may identify businesses in the City of Costa Mesa that
have local business tax obligations; and,
WHEREAS, the City of Costa Mesa anticipates a positive impact on general fund
revenue due to enhanced compliance with business tax laws; and
WHEREAS, the City of Costa Mesa is required to report required tax information
to the State of California Franchise Tax Board annually upon request in accordance
with California Revenue and Taxation Code Section 19551.5; and,
WHEREAS, participation in State of California's Franchise Tax Board's City
Business Tax Program results in a waiver of cost reimbursement requirements which
would otherwise apply; and,
WHEREAS, the term of the agreement between the City of Costa Mesa and the
State of California's Franchise Tax Board's City Business Tax Program will be from
June 1, 2014 to December 31, 2016; and,
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Costa Mesa, California hereby:
Section 1. The City is authorized to participate in the State of California
Franchise Tax Board City Business Tax Program and the Chief Executive Officer is
hereby authorized to execute the agreement.
Resolution No. 14-17 Page 1 of 2
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Section 2. The City Clerk shall certify to the passage and adoption of this
resolution, and it shall be thereupon be in full force and effect immediately upon
adoption.
PASSED AND ADO
ATTEST:
&-W�
Brenda Greer?; -C` y Clerk
D this 1 st day of April, 2014.
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF COSTA MESA )
APPRO A TO
77 FORM:
Thomas P u rte, City Attorney
I, BRENDA GREEN, City Clerk of the City of Costa Mesa, DO HEREBY
CERTIFY that the above and foregoing is the original of Resolution No. 14-17 and was
duly passed and adopted by the City Council of the City of Costa Mesa at a regular
meeting held on the 1St of April, 2014, by the following roll call vote, to wit:
AYES: COUNCIL MEMBERS: Genis, Leece, Monahan, Mensinger and Righeimer
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
IN WITNESS WHEREOF, I have hereby set my hand and affixed the seal of the
City of Costa Mesa this 2nd day of April, 2014.
&Zy-d& �
BRENDA GREE -, CITY CLERK
Resolution No. 14-17 Page 2 of 2