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ORDINANCE 1187ORDINANCE NO. 1187 AN ORDINANCE OF THE CITY OF EL SEGUNDO, CALIFORNIA AMENDING SECTION 5.04.222 OF TITLE 5 OF THE EL SEGUNDO MUNICIPAL CODE REGARDING CREDITS FOR TAX PENALTIES. WHEREAS, the City of El Segundo has previously added section 5.04.222 to the El Segundo Municipal Code granting credits against future taxes for past penalties paid; and WHEREAS, the City of El Segundo is concerned with administering its business license tax program in the fairest and most equitable manner possible; and WHEREAS, the City Council desires to create an incentive for prompt payment of penalties and taxes; and WHEREAS, extending the existing credit against future taxes for penalties paid in 1989 will create an additional incentive for those doing business in the City to pay past and future taxes and penalties promptly. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF EL SEGUNDO DOES HEREBY ORDAIN AS FOLLOWS: SECTION I. The City Council does hereby amend section 5.04.222 of Title 5 of the El Segundo Municipal Code to read as follows: "5.04.222 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 and has, by September 10, 1991, paid a penalty for the tax year 1989 and /or 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 in January 1, 1992 and years thereafter. Said credit shall only be effective if the entire tax (less the credit) is paid before February 1, 1992. As provided for in (c) below the credit granted hereunder may be carried over from year to year until exhausted. (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 1 JOA:Dsk:O- penity.crd 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 of adoption thereof. SECTION III. The City Clerk shall certify to the passage and adoption of this ordinance; shall case the same to be entered in the book of original ordinances 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 6th day of October, 1992. MAYOR y ATTE&T`1��1 _ CITY CLERK) (seal) STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES) ss. CITY OF EL SEGUNDO ) I, Cindy Mortesen , City Clerk of the City of El Segundo, do hereby certify that the foregoing Ordinance No. 1187 was regularly introduced and placed upon its first reading at a regular meeting of the City Council on the day of August 25 , 1992. That thereafter, said ordinance was duly adopted and passed at a regular meeting of the City Council on the 6th day of October , 1992, by the following vote, to wit: AYES: COUNCILMEMBERS: Mayor Jacobson, Mayor ProTem Wise, and Councilmembers Robbins, Switz, and West. NOES: COUNCILMEMBERS: None ABSENT: COUNCILMEMBERS: None ,CITY CLE (seal) APPROVED AS TO FORM: CITY ATTORNEY 2 JOA:Dsk:O- penity.crd STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS CITY OF EL SEGUNDO ) I, Cindy Mortesen, City Clerk of the City of El Segundo, California, DO HEREBY CERTIFY that the whole number of members of the City Council of the said City is five; that the foregoing ordinance, being ORDINANCE NO. 1187 is a full, true correct original of ORDINANCE NO. 1187 of the said City of El Segundo, California, entitled: AN ORDINANCE OF THE CITY OF EL SEGUNDO, CALIFORNIA AMENDING SECTION 5.04.222 OF TITLE 5 OF THE EL SEGUNDO MUNICIPAL CODE REGARDING CREDITS FOR TAX PENALTIES. which was duly passed and adopted by the said City Council, approved and signed by the Mayor or said City, and attested by the City Clerk of said City, all at a regular meeting of the said Council held on the 6TH DAY OF OCTOBER 6,1992, and the same was so passed and adopted by the following vote: AYES: Mayor Jacobson, Mayor ProTem Wise, and Councilmen Robbins, West and Switz. NOES: None ABSENT: None I do hereby further certify that pursuant to the provisions of Section 36933 of the Government Code of the State of California, that the foregoing ORDINANCE NO. 1187, as duly and regularly published according to law and the order of the City Council of said City of El Segundo Herald, a weekly newspaper of general circulation, printed, published and circulated within said City and that the same was so published therein. CINDY M�ESEN City Cle4° of the City of El Segundo, California (SEAL)