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HomeMy WebLinkAbout93-34 - Annual Business Tax RatesRESOLUTION NO. 93 - 34 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH ESTABLISHING THE ANNUAL BUSINESS TAX RATES PURSUANT TO CHAPTER 5.08 OF THE NEWPORT BEACH MUNICIPAL CODE. WHEREAS, Section 200 of the Charter of the City of Newport • Beach authorizes the imposition of a business tax; and WHEREAS, Municipal Code Section 5.08.010, 5.08.020 and 5.08.022 provide that the business tax rates shall be established by Resolution of the City Council; NON, THEREFORE, BE IT RESOLVED by the City Council of the City of Newport Beach as follows: 1. The annual business tax rate to be paid by out of town based businesses pursuant to Municipal Code Section 5.08.010 shall be $150.00. 2. The annual business tax rate to be paid by residentially based businesses pursuant to Municipal Code Section 5.08.020 shall be $95.00. 3. The annual business tax rate to be paid by commercially based businesses pursuant to Municipal Code Section 5.08.022 shall be $100.00 plus $5.00 per employee, to a maximum of $500.00 annually, for businesses possessing a sales tax registration with the California State Board of Equalization listing a Newport Beach address, or; $100.00 plus $10.00 per employee, to a maximum of $1,000.00 annually, for businesses not possessing a sales tax registration with the California State Board of Equalization listing a Newport Beach address. ADOPTED, this 24th day of May, 1993, effective June 24, 1993. -MAYOR ATTEST: