ORDINANCE 1166ORDINANCE NO. 1166
AN ORDINANCE OF THE CITY OF EL SEGUNDO,
CALIFORNIA, ADDING A NEW SECTION 5.04.222
TO TITLE 5 OF THE EL SEGUNDO MUNICIPAL CODE,
GRANTING A CREDIT REGARDING TAX PENALTIES.
WHEREAS, the City of El Segundo is concerned with
administering its Business License Tax Program in the fairest and
most equitable manner possible;
WHEREAS, the City Council desires to create an incentive for
prompt payment of penalties and taxes; and
WHEREAS, a credit against future taxes for past penalties paid
will create such an incentive;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF EL SEGUNDO
DOES HEREBY ORDAIN AS FOLLOWS:
SECTION I. The City Council does hereby add a new Section
5.04.222 to Title 5 of the El Segundo Municipal Code to read as
follows:
115.04.222 CREDIT FOR PENALTIES PAID
A credit against the Business License Tax for past penalties
paid shall be granted beginning with the tax due in January
1992, to be calculated and administered as follows:
(a) For The Tax Due January 1, 1992
Any taxpayer who has been assessed ad has, by September 30,
1991, paid a penalty for the tax year 1990 and /or 1991, shall
receive a credit in a sum equal to fifty percent (50 %) of the
penalty paid, to be applied against the Business License Tax
due January 1, 1992. Said credit shall only be effective if
the entire tax (less the credit) is paid before February 1,
1992.
(b) For Subsequent Tax Years
Any taxpayer who has been assessed a penalty and paid that
penalty by September 30 in the year prior to the January 1 a
tax is due, may claim a credit against that tax in the amount
of 50% of said penalty paid if the tax (less the credit) is
paid before February 1 of the year in which the tax is due.
(c) For All Tax Years
City Staff shall calculate the credit granted hereunder, and
reflect the amount of said credit upon tax statements mailed
to taxpayers.
No tax, to which the credit granted hereunder is applied,
shall be reduced by said credit to less than 50% of the amount
due before application of the credit, in any tax year.
However, where the amount of the credit exceeds 50% of the tax
due in any given year, the unused balance of the credit may be
carried over to future tax years and applied to the tax then
due so long as the full amount of the tax (less the credit) is
paid by February 1st of the year in which the tax is due."
SECTION II. This Ordinance becomes effective immediately upon
the final passage and adoption hereof.
SECTION III. The City Clerk shall certify to the passage and
adoption of this Ordinance; shall cause the same to be entered in
the book of original Ordinance of said City; shall make a minute of
the passage and adoption thereof in the records of the meeting at
which the same is passed and adopted; and shall cause it to be
published in the manner required by law."
PASSED, APPROVED, AND ADOPTED this 20
Ci
-�j City Clerk
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS.
CITY OF El Segundo )
day of August, 1991.
of E1 Segundo, CA
I, Ronald L. Hart , City Clerk of the City of
E1 Segundo JF do hereby certify that the foregoing
Ordinance No. 1166 was regularly introduced and placed upon its
first reading at a regular meeting of the City Council on the 6th
day of August, 1991. That thereafter, said Ordinance was duly
adopted and passed at a regular meeting of the City Council on the
20th day of August , 1991, by the following vote, to wit:
COUNCILMEMBERS AYES: Ma or Jacobson, Mayor ProTem -Dannen, Councilmen
Wise an St.
NAYS:
NO
ABSENT: NONE !\
A� OVED AS TO FORM:
City A torne
-2-
City Clerk