I. RECOMMENDATION:
There is no staff recommendation. This was requested as a Future Agenda Item by Councilman Adkisson.
II. BACKGROUND:
Business License renewals were due March 1, 2020.
III. DISCUSSION:
This item would allow small businesses, and only small businesses, with a primary address in Coalinga, to request a refund of the business license fees and taxes payable to the City, minus any fees routed to outside agencies. These taxes and fees would then need to be repaid with a due date three (3) months after the proclaimed existence of a local emergency is ended.
This item would also waive any late fees for businesses that did no renew by the March 1, 2020 due date and their payment would also be due three (3) months after the proclaimed existence of a local emergency is ended.
IV. ALTERNATIVES:
Do not refund business license taxes
V. FISCAL IMPACT:
A loss of revenue of up to $108,000 from the City's General Fund for Fiscal Year 2019-2020 with the repayment of this revenue to be collected, likely, sometime during Fiscal Year 2020-2021. |