HomeMy WebLinkAbout04-260DATE SUBMITTED: 12/2/04 BILL
AGENDA BILL
CITY OF BREMERTON
CITY COUNCIL
SUBJECT: Public Hearing & Ori~inance Committee Meeting Date: 12/8/04
Amending Chapter 3.48 of Bremerton COUNCIL MEETiNG Date: 12/15/04 &'12/22/04
Municipal Code Updating B/O Tax Department: City Attorney's Office
Provisions Consistent with EHB 2030 Presenter: Roger A. Lubovich
Phone: 473-2345
SUMMARY:
On December 18, 2002, the City Council passed Ordinance No. 4843 adopting a new B&O Tax Code
codified in Chapter 3.48 BMC. On April 21, 2003, the state legislature passed EHB 2030 establishing
certain mandatory provisions to be included in Cities' B&O tax codes. One of the main issues
addressed in this bill is apportionment of taxes among competing taxing jurisdictions. The proposed
ordinance adopts these mandatory provisions and other changes including the following: 1. Changes or additions to the definitions of terms used in Chapter 3.48 BMC.
2. Removes the minimum tax and establishes an exemption from taxation for businesses with
gross proceeds of $20,000 or less per year.
ATTACHMENTS: 1) Proposed Ordinance
FISCAL IMPACTS (Include Budgeted Amount): Implementation of the $20,000 threshold
exemption will result in a $35,000 to $50,000 reduction in annual B/O tax revenue.
APPROVALS:
DEPARTMENT DIRECTOR:
CITY ATTORNEY: ~
FINANCE DIRECTOR:
MAYOR:
OPERATIONS: ! i--~-LLi~ [CONSENT AGENDA []
COUNCIL PRESIDENT: t~,~,~ ~/I A/1,,7'.a __-- ..
RECOMMENDED
MOTION:
Move to pass Ordinance No. 4qaq on second reading.
COUNCIL ACTION: A[~pprove [] Deny [] Table [] Continue [] No Action