I. RECOMMENDATION:
There is no staff recommendation to waive business license fees for new businesses for a period of one year. This was requested as a Future Agenda Item by Councilman Adkisson.
II. BACKGROUND:
Business Licenses are $29 per year for general businesses, $44 per year for professional service business, $54 per year for contractors, and $129 for home occupation business per year.
City Council decided to waive business license fees for new businesses for a period of one year beginning on April 19, 2018 which is due to expire April 19, 2019. The new fee waiver period will begin April 20, 2019.
III. DISCUSSION:
None.
IV. ALTERNATIVES:
- Not waive business license fees for new businesses for a period of one year.
V. FISCAL IMPACT:
During the waived period General Fund revenue will be lost however the amount is unknown at this time as it is dependent on the number of business licenses issued. |