CITY COUNCIL GETS COMPETING BUSINESS TAX PROPOSAL.Byline: Rick Orlov Daily News Staff Writer A new Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. business tax proposal, calling for a flat 4 percent reduction beginning this year, was released Thursday, with the City Council scheduled to decide next week on whether to submit a plan to voters in June. Councilwoman Jackie Goldberg Jackie Goldberg (born June 16, 1937) is an American politician and teacher, and a member of the Democratic Party. She is a former member of the California State Assembly. , fighting against a proposal developed by Mayor Richard Riordan Richard J. Riordan (born May 1, 1930) is a Republican politician from California, U.S. who served as the California Secretary of Education from 2003–2005 and as Mayor of Los Angeles from 1993–2001. Riordan ran for Governor of California unsuccessfully in 2002. , Councilman Richard Alatorre Richard Alatorre is a politician, and a member of the Democratic Party. Alatorre has served as a member of the Los Angeles City Council. He was the first Latino to serve on the council in 23 years. and Councilman Mike Feuer, offered her plan to avoid what she said she believed was inequity. ``My proposal provides tax relief for everyone,'' Goldberg said. ``There are no losers. Just take what you paid last year and cut it by 4 percent.'' In contrast, she said, the Riordan-Alatorre-Feuer plan would result in some 77,000 businesses paying more in taxes and would reduce tax revenues to the city by $16.4 million. Goldberg's proposal would reduce revenues by $13.4 million. ``My proposal also takes effect immediately - the mayor's plan would go in effect in 2001 - and doesn't require voter approval,'' Goldberg said. ``That sends an important message to the business community that we are serious about tax relief.'' However, aides to Riordan said during a meeting of the Ad Hoc Committee ad hoc committee A committee formed with the purpose of addressing a specific issue or issues, which theoretically is disbanded once its raison d'etre is finished on Tax Reform, that Goldberg's problem doesn't address a major issue for the mayor and business community: simplifying the city's complex tax code. Under the new compromise proposal, modeled after Riordan's original plan, the number of tax categories would be reduced from 64 to eight. ``We think that simplification is a major issue for the business community,'' Deputy Mayor Rocky Delgadillo Rockard John "Rocky" Delgadillo (born July 15 1960) is the current City Attorney of Los Angeles, California. Career
Goldberg said she did not believe it was a major issue, since most of the businesses in Los Angeles fall into only one or two categories. The new proposal from Riordan, Alatorre and Feuer retain the essential elements of the mayor's original plan, but with some modifications. It would exempt start-up businesses of taxes up to their first $500,000 in gross receipts the total of the receipts, before they are diminished by any deduction, as for expenses; - distinguished from net profits. - Bouvier. See under Gross, a. os> See also: Gross Receipt . It also would move all industries to the next rate lower than they are now placed. The plan would have a minimum tax rate of $75 for all firms, except those with less than $5,000 in gross receipts, which would be required to pay a $25 annual filing fee. |
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