CC RES 2012-020 RESOLUTION NO. 2012-20
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES, AUTHORIZING THE CITY OF RANCHO PALSO VERDES TO
ENTER INTO AN AGREEMENT WITH THE STATE OF CALIFORNIA
FRANCISE TAX BOARD AUTHORIZING THE RECIPROCAL AND
CONFIDENTIAL EXCHANGE OF TAX DATA.
WHEREAS, businesses operating in the City of Rancho Palos Verdes are required to
pay all legally mandated local business forms and taxes; and,
WHEREAS, the City of Rancho Palos Verdes is required to report required tax
information to the State of California Franchise Tax Board annually; 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 reciprocal tax information that may identify
businesses in the City of Rancho Palos Verdes that have local business tax obligations; and,
WHEREAS, the term of the agreement between the City of Rancho Palos Verdes and
the State of California's Franchise Tax Board's City Business Tax Program will be from June 1,
2012 to December 31, 2014; and
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES DOES HEREBY FIND, DETERMINE AND RESOLVE AS FOLLOWS:
Section 1: The City of Rancho Palos Verdes enters into a reciprocal agreement with the
State of California's Franchise Tax Board, is approved and adopted by the City Council.
Section2. This resolution shall take effect immediately.
PASSED, APPROVED, AND ADOPTED THIS 20th DAY OF MARCH 2012.
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ATTEST: ------
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City Clerk
State of California )
County of Los Angeles )ss
City of Rancho Palos Verdes )
I, Carla Morreale, City Clerk of the City of Rancho Palos Verdes, hereby certify that the above
Resolution No. 2012-20 was duly and regularly passed and adopted by the said City Co_uncii at
a regular meeting thereof held on March 20, 2012.
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City Clerk