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 HeadlinesPlacer County Hoteliers: Taxman Cometh Airbnb, Vacation Rentals By Owner, inns or hotels. If you provide lodging in Placer County, you're required to collect Transient Occupancy Tax
Lake Tahoe Bound? Be prepared and patientTAHOE CITY, Calif. -- As Northern California prepares for the second and third storms of a week-long string of weather systems, Placer County is reminding residents and visitors
New California Laws 2017 (Part 15)Roseville, CA - New California laws for 2017. Part 15 includes criminal gangs, property taxes, real estate licenses, terrorist activity, child abuse, voting: felons, human trafficking
Study: Lung Cancer Patients Not Receiving TreatmentA national study by researchers at UC Davis Comprehensive Cancer Center has found that a significant number of lung cancer patients are not receiving treatment.
$21 Million for Regional Small BusinessesThe Capital Region Small Business Development Center (SBDC) has surpassed significant milestones in helping regional businesses
Rocklin Preschoolers Donate to Children in NeedROCKLIN, CA, - Students at Merryhill Preschool in Rocklin collected 69 pairs of pajamas to benefit local children in need for the holidays.
Bust Water Use Myths in Water Spots Video ContestLocal area middle and high school students can win cash prizes and the opportunity to view their video on the Raley Field Jumbotron
Placer SPCA seeks 2017 Hero Awards NominationsRoseville, CA - Placer SPCA is seeking nominations for the 2017 Hero Awards, to be presented at the 16th annual Funny Bones Comedy & Awards Night
Beatles vs. Stones Tribute at Harlows this MarchThe debate between the Beatles and the Rolling Stones has been going on ever since they first crossed paths on the charts 53 years ago
Man Still Recovering from TBITwo years back, I featured Daniel Mignerey who somehow survived life-threatening injuries on February 6, 2015
Rocklin Library hosts Lend A Heart Therapy DogsRocklin, CA- The Doggone Good Reading Group meets the second Tuesday of every month from 3:30 to 4:30 at the Rocklin Library
Placer Vineyards granted Regional General PermitJust west of Roseville, Placer Vineyards was granted its Regional General Permit
NEWS: In Case You Missed It