Yellow Pages |   News Updates |   Local Jobs |   Events Calendar |   Movie Times |
Rocklin and Roseville Today Local Events Calendar
    (Independent and Locally Owned)
 

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.







more news Print This Article


Placer County News Headlines

Napa Valley's New Year's Eve Bash in CalistogaCome celebrate the New Year with the return of Celebrate! Napa Valley's New Year's Eve Bash on Dec. 31, 2014 at 10 p.m. in Calistoga, Calif.

Murders by Guns Continue Declining, Suicides On RiseWhile the overall death rate from firearm violence has remained unchanged for more than a decade, the patterns for suicide and homicide have changed dramatically

Sutter Health Donates to Placer Food Bank Roseville, Calif., - One in six people in California go hungry, including many in Placer County. To help provide meals for those in need, Sutter Health provided a donation

Nobel Prize Winner to Speak at MIND InstituteThomas C. Sdhof, recipient of the 2013 Nobel Prize in Physiology and Medicine, will address his research on how defects in a 'glue' that binds together proteins at the neuronal synapses may play a role in the etiology of autism spectrum disorder

New Low Down Payment Mortgages: As Low As 3 PercentRoseville Realtor, Julie Jalone of MagnumOne Realty, writes about new low down payment loans being backed by Fannie Mae and Freddie Mac.

Top 10 Measures Likely for 2016 California BallotThe General Election ballot in 2016 is likely to have more statewide ballot measures on it than California voters have seen in a long time.

Roseville Police Make Arrests in Date Rape Drug InvestigationDetectives from Roseville's Vice and Narcotics Enforcement Team (VNET) are investigating regional sales of a synthetic narcotic drug similar to GHB, better known as the "date-rape drug

Placer Ranch Collaboration for Higher EducationRoseville, CA - Sacramento State, Sierra College and Westpark Communities, the developer of the proposed Placer Ranch, announced today an agreement to collaborate on higher education offerings at Placer Ranch.

Treehouse Masters Christmas Episode Filmed in Placer CountyThe Christmas episode of the very popular TV series "Treehouse Masters" was shot entirely in Placer County.

Coalition for Placer Youth Targets Teen Alcohol UseThe Coalition for Placer Youth and local law enforcement agencies are offering signage to stores that sell alcohol in Placer County, warning patrons about fines and possible jail time

Thunder Valley to Distribute Meals to Sacramento FamiliesThe United Auburn Indian Community Tribal Council and the Executive Team of Thunder Valley Casino Resort are celebrating the holiday season by delivering over two tons of food

Joshua Alpine Named to ACWA PostJoshua Alpine of the Placer County Water Agency has been named as vice chairman of Region 3 of the Association of California Water Agencies




more news

Featured Yellow Pages Categories

Auto

Business

Health and Fitness

Home Improvement and Services