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RESOLUTION NO. 93 - 34 <br />A RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF NEWPORT BEACH ESTABLISHING THE <br />ANNUAL BUSINESS TAX RATES PURSUANT TO <br />CHAPTER 5.08 OF THE NEWPORT BEACH <br />MUNICIPAL CODE. <br />WHEREAS, Section 200 of the Charter of the City of Newport <br />• Beach authorizes the imposition of a business tax; and <br />WHEREAS, Municipal Code Section 5.08.010, 5.08.020 and <br />5.08.022 provide that the business tax rates shall be established <br />by Resolution of the City Council; <br />NON, THEREFORE, BE IT RESOLVED by the City Council of the City <br />of Newport Beach as follows: <br />1. The annual business tax rate to be paid by out of town <br />based businesses pursuant to Municipal Code Section 5.08.010 shall <br />be $150.00. <br />2. The annual business tax rate to be paid by residentially <br />based businesses pursuant to Municipal Code Section 5.08.020 shall <br />be $95.00. <br />3. The annual business tax rate to be paid by commercially <br />based businesses pursuant to Municipal Code Section 5.08.022 shall <br />be $100.00 plus $5.00 per employee, to a maximum of $500.00 <br />annually, for businesses possessing a sales tax registration with <br />the California State Board of Equalization listing a Newport Beach <br />address, or; <br />$100.00 plus $10.00 per employee, to a maximum of $1,000.00 <br />annually, for businesses not possessing a sales tax registration <br />with the California State Board of Equalization listing a Newport <br />Beach address. <br />ADOPTED, this 24th day of May, 1993, effective June 24, 1993. <br />-MAYOR <br />ATTEST: <br />