HomeMy WebLinkAbout11 - CC-6 - Attachment 2 - 4/1/2014Attachment 2
RESOLUTION NO. 14-
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.
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 ADOPTED this 1St day of April, 2014.
ATTEST:
Brenda Green, City Clerk
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF COSTA MESA )
James Righeimer, Mayor
APPROVED AS TO FORM:
Thomas P. Duarte, 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- 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:
NOES: COUNCIL MEMBERS:
ABSENT: COUNCIL MEMBERS:
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.
BRENDA GREEN, CITY CLERK
(SEAL)