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CC SR 20190115 D - Annual Business License Tax RateRANCHO PALOS VERDES CITY COUNCIL MEETING DATE: 01/15/2019 AGENDA REPORT AGENDA HEADING: Consent Calendar AGENDA DESCRIPTION: Consideration and possible action regarding the annual Business License Tax. RECOMMENDED COUNCIL ACTION: (1) Do not increase the City’s Business License Tax Rate for 2019. FISCAL IMPACT: If the recommended action is approved, there will be no change to the adopted budget. Amount Budgeted: $904,100 Additional Appropriation: N/A Account Number(s): 101-300-0000-3210 ORIGINATED BY: Christopher Browning, Senior Administrative Analyst REVIEWED BY: Deborah Cullen, Director of Finance APPROVED BY: Doug Willmore, City Manager BACKGROUND AND DISCUSSION: As required by Section 5.04.050 of the City’s Municipal Code, all business activity performed within the City of Rancho Palos Verdes requires the business owner to obtain a business license and to pay the related business license tax (BLT). This annual report is the result of the City Council adopting Staff’s recommendation on January 17, 2017, to consider discontinuing the practice of automatically increasing the Business License Tax annually by the Consumer Price Index (CPI) inflator. In addition, Staff recommended that the City Council direct Staff to bring the Business License Tax increase option back to the City Council annually for direction. At this time, Staff is recommending that the 2019 Business License Tax remain unchanged from the 2018 rate. The State fee for Certified Disability Access Specialist Program which increased from one dollar to four dollars annually in 2018 will remain at four dollars in 2019. This fee is mandated by the State and is used to increase disability access and compliance with construction-related accessibility requirements. Based on Councilmember Cruikshank’s request and by consensus of the City Council, Staff is also preparing a report for a future City Council meeting to review the Business License Tax Ordinance. This review will examine the tax as it 1 pertains to outside businesses that engage in classifications identified in the Municipal Code but do not have a fixed place of business within the City. Business License Components As a reminder, there are two primary features of the business license tax: 1) A minimum tax based on the location a business operates (i.e., located inside/outside the City or home-occupied) and the type of work or service performed. 2) A flat rate tied to a business’s gross receipts. This rate also is multiplied for every $1,000 in gross receipts in excess of $50,000. This rate applies to businesses physically located inside or outside the City. Contractors, itinerant vendors, builders and developers, operators of commercial vehicles (i.e., taxis) are exempt. Though no rate increase to the BLT is recommended for 2019, this tax is still expected to generate $904,100 in FY18-19. This is in line with historical actuals over the past three years. ALTERNATIVES: In addition to the Staff recommendation, the following alternative action is available for the City Council’s consideration: 1. Take other action as deemed appropriate by the City Council. 2