Rocklin Cuts Business License Tax
The Rocklin City Council approved reductions to the City's business license tax structure that caps the cost of a business license at $125. The reduced cost of doing business in Rocklin means business owners can instead invest those dollars in to their operations.
The City Council's action Tuesday night is the third year in a four-year effort to reduce the business license tax rate in Rocklin. The current business license tax structure varies depending on the type of business applying. The tax for many business types is determined using a formula based on annual gross receipts. The formula previously had no cap and resulted in very high annual business taxes for some of the City's largest employers and those with high-value products.
"Our business community raised concerns that our business license tax put Rocklin at a disadvantage and we listened," said Rocklin Mayor, Scott Yuill. "Although reducing our business license tax rate meant a reduction in City revenue, the Council felt in the long run, this would be offset by additional revenue generated through the attraction of more and larger businesses."
To help mitigate the impact to the City's budget, the Council directed staff to phase the reductions over four years. In 2012, the first year of reductions, the cap was set at $100,000. In 2013, it was reduced to $3,000. Council's latest action reduces the maximum businesses pay to $125 annually. Many businesses may pay even less. The only exception to the $125 cap is rentals or hotels that are taxed on a per unit basis. Because the change to the business license tax is an ordinance amendment, it requires a second hearing before Council. The new reduced rate is expected to take effect on June 27, 2014.
Council also directed staff to return next year with additional recommendations to achieve the goal set in 2012 of creating a reduced and simplified flat tax for all businesses. "We now have one of the lowest business license tax rates in the region, but there's more we can do to make sure businesses know they are valued here in Rocklin," said Yuill. "In addition to fee reductions, we want to simplify the process so that determining the correct fee and applying for or renewing a business license is quick and easy."
The change to the City's Business License Tax also fulfills an objective adopted by Council in the City's Strategic Plan and Community Investment Plan.
Pet Care | Real Estate | Restaurants | Tech | View All | * Add/Upgrade Business
Placer County News HeadlinesRocklin Venues to Host Cyclocross RacesRocklin, CA - On October 8 and 9 Sacramento Cyclocross will kick-off their cyclocross race season with exhilarating events in two Rocklin locations
$3 Million Plan to Remove Damaged Trees Approved by SupervisorsCounty staff has identified approximately 1,800 trees in need of immediate removal. With an estimate of $1,700 per tree, the total cost of the project is expected to be about $3.1 million
Draft Vision for Sunset Area and Placer Ranch in South PlacerRoseville, CA - Placer County planners today unveiled the first draft land use vision for Placer Ranch and the Sunset Area in south Placer
Grant to Support Seniors First Meal Delivery ProgramSeniors First Executive Director Jamee Horning is honored to announce the receipt of $15,000 from Sierra Health Foundation, a private philanthropy committed to improving health
Steven Pedretti: New Community Development Resource Agency directorGuiding future development in Placer County is now in the hands of Steven Pedretti, Placer's new Community Development Resource Agency director.
Best & Worst Cities for People with DisabilitiesThe results are in for 2016's Best & Worst Cities for People with Disabilities.
Allyhoos Comfort Young Hospital PatientsIt all began with her own physical suffering, and through this suffering she has helped heal others.
Seniors First Receives Grant from Alzheimer's Foundation of AmericaSeniors First, located in Auburn, has announced the receipt of a $5,000 grant from the Alzheimer's Foundation of America
UC Davis Alzheimer's Disease Center Grant RenewedThe UC Davis Alzheimer's Disease Center, which investigates cognitive aging and dementia, has received renewed funding of $6.9 million
Roseville Gas Prices Ticking UpwardRoseville, CA- Gas prices in Roseville and surrounding communities continue to push upward
Roseville Woman Sentenced to 14 Year Prison SentenceRachel Siders, 41, of Roseville, was sentenced to 14 and a half years in prison for her involvement in mortgage fraud schemes that cost financial institutions over $17 million
Hyundai Santa Fe has two diverse modelsRoseville, CA - One of Hyundai's more impressive vehicles is the Santa Fe, a sport utility vehicle that seats either five or seven people, depending on the model chosen
NEWS: In Case You Missed It