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: