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 HeadlinesAutism Grant Aims to Improve Schools Practices (Sacramento, Calif)- The UC Davis MIND Institute has received a 3-year, $1.4 million grant to study how to build a statewide network to improve use of evidence-based practices for students with autism spectrum disorders
Placer County Meals on Wheels Contract Awarded Seniors First has been awarded home delivered meals funding to once again operate the Placer County Meals on Wheels program for 2017 - 2020
Arroyo Seco Weekend in Pasadena a Family Friendly Festival ExperiencePasadena, CA- The hot and humid weather in Pasadena this past weekend caught us a bit off guard as we strolled alongside the Rose Bowl headed for the inaugural Arroyo Seco Weekend Festival
Santa Monica: Life's a BeachSanta Monica, CA- The glowing rays of the summer sun warm your skin, the cool ocean waves crash at your sand covered feet while the playful sights and sounds of summer
15 Tips for Surviving Summer With Chronic Lung Disease(SACRAMENTO, Calif.) - Summer days of high heat and poor air quality can be extremely challenging for those with COPD, asthma, pulmonary fibrosis and other lung conditions
Roseville to Showcase Big Trucks this JulyRoseville, CA - Watch our utility trucks lift, scope, suck and crush at Big Trucks Summer on Thursday mornings in July.
Kia Forte remains a good bargainRoseville, CA- Kia continues to improve its brand up and down its lineup. There's not a bad vehicle in the bunch.
Roseville Gas Prices Keep Local Travel More AffordableRoseville, CA - The easing of gas prices in Roseville continues into late June as Placer County travel costs decline.
Annual Warrior Golf Classic at Catta Verdera in LincolnLincoln, CA - WJU Athletics will be hosting the 19th Annual Warrior Golf Classic at Catta Verdera Country Club in Lincoln.
Leadership Rocklin Creates Community LeadersROCKLIN, Robin Trimble, CEO of the Rocklin Area Chamber of Commerce, announced that the Chamber will once again host the prestigious Leadership Rocklin program.
Roseville Flash Crime Report (6.23.17)Roseville, CA - Digest summary update of police activity for Roseville covering the period of June 12-22, 2017.
9 Classic Songs That Stand the Test of TimeRoseville, CA- Music history is filled with terrific songs that don't always age so gracefully. They often mark a point in time and include less than stellar recordings
NEWS: In Case You Missed It