Title
OPPOSING SB31 (HB58) WHICH EXEMPTS PRESCRIPTION DRUG SALES FROM THE CALCULATION OF GROSS RECEIPTS BUSINESS LICENSES
Summary
Description of Topic: (who, what, where, when, why and how much)
Budgetary Impact:
Non-Capital Item:
____ Budgeted under account #_______________ (discussion item)
____ Not budgeted, requesting transfer of $__________ from Account #______________ to Account #_____________.
____ Not budgeted requiring increase to account #___________ in the amount of $____________.
Capital - Departmental
____ Budgeted under account #______________ for $___________ and described in budget as __________________________________.
Additional amount needed, if any: Increase in budget of $_____________ OR, transfer of $___________ from Account #____________ to Account #_______________
____ Not Budgeted - account #____________ requires budget increase of $_____________.
Capital Project - **THE PRE-PROJECT CHECKLIST AND BUDGET CHECKLIST MUST BE ATTACHED TO THIS FILE**
In current year Capital Projects Plan:
_____ Yes, planned amount $___________, requesting $_________ as total project estimate, including contingencies, under account #_________________
_____ No, requesting $___________ as total project estimate, including contingencies, under account #____________________
Body
WHEREAS, SB31 (HB58) exempts prescription drug sales from the calculation of gross receipts business licenses; and
WHEREAS, businesses that provide goods or services in the City take advantage of the financial and other benefits they receive from the municipality including, but not limited to, the use of city streets and roads and the potential use of police and fire protection services; and
WHEREAS, revenue collected from business license fees provides a crucial role in funding the increasing costs of providing essential services; and
WHEREAS, loss of revenue from the...
Click here for full text