HomeMy WebLinkAbout1339 - Rates of Excise Tax•
ORDINANCE N0, 1339
AN ORDINANCE OF THE CITY OF NEWPORT BEACH
AMENDING SECTION.3.12.030 OF CHAPTER 3.12,
ENTITLED "PROPERTY DEVELOPMENT TAX," OF
TITLE 3 OF THE NEWPORT BEACH MUNICIPAL CODE
TO PROVIDE FOR AN INCREASE IN THE RATES OF
THE EXCISE TAX IMPOSED UNDER SAID CHAPTER
The City Council,of the City of Newport Beach does
ordain as follows:
SECTION 1. Section 3.12.030 of the Newport Beach
Municipal Code is amended to read:
"3.12.030 Imposition of Excise Tax. A. TAX IMPOSED.
An excise tax is hereby imposed upon the construction and
occupancy of each residental unit, commercial unit, and
industrial unit in the City.
B. RATES. The rates of the excise tax hereby imposed
are as follows:
1. Residential: $200 for each residential unit in
an R -1 or R -2 zoning district; $150 for each residential unit
in any zoning district other than an R -1 or R -2 zone.
2. Commercial: For each commercial building or
commercial unit.in a building, the amount of $.03 per square
foot of gross floor area, including any area in a building
designed for the parking of vehicles.
3. Industrial: For each industrial building or
industrial unit in a building, the amount of $.03 per square
foot of gross floor area, including any area in a building
designed for the parking of vehicles.
C. DUE DATE. The amount of the tax due hereunder
shall be determined at the time a building permit is sought
for the construction of residential, commercial or industrial
units.or buildings, or for the construction or reconstruction
of any mobilehome park, and the full amount of the tax shall
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be due and payable concurrently with the application for
such permit. If such tax is not fully paid on or before
the date the permit is issued, the tax or the amount
thereof not paid shall thereupon become delinquent.
D. DELINQUENCY, PENALTY, INTEREST. There shall
be added to the tax for any unit or so much of the tax as
becomes delinquent a penalty of twenty -five per cent (25 %),
which shall thereupon become payable in the same manner as
the tax. The tax and penalty shall bear interest at the
rate of .58 of one per cent per month until paid."
SECTION 2. This ordinance shall be published once in
the official newspaper of the City, and the same shall be
effective August 1, 1970.
This ordinance was introduced at a regular meeting of
the City Council of the City of Newport Beach held on the 8th
day of June , 1970, and was adopted on the 22nd day
of June , 1970, by the following vote, to wit:
AYES, COUNCILMEN: McInnis, Roeers, Hirth
Croul, Dostal, Parsons
NOES, COUNCILMEN None
ABSENT COUNCILMEN: None
ABSTAIN, COUNCILMEN: �'Kymla
e /j� J
ATTEST: Mayor
CERTIFIED AS THE ORIGINAL AND
CERTIFIED AS TO PUBLICATION
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6/15/70
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CERTIFIED AS THE ORIGINAL AND
CERTIFIED AS TO PUBLICATION
/D
_ CL RK OF THE- CITY .... OF NE RT BEACH
- 2 -
THS:bl
6/15/70