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<br />M Martinsville <br /> <br />City Council <br />Agenda Summary <br /> <br />Meeting Date: <br />Item No: <br />Department: <br />Issue: <br /> <br />November 22, 2005 <br />2. <br /> <br />Commissioner of the Revenue & Treasurer <br /> <br />Consider adoption, on first reading, of an Ordinance relative <br />to legislative changes in the Personal Property Tax Relief Act <br />(PPTRA) effective January 1, 2006. <br /> <br />Summary: This issue was discussed in detail at the November 8th work <br />session. In order to avoid costly programming and administrative costs <br />associated with the changes in the PPTRA program the City Council must make <br />some choices and adopt an ordinance reflecting these choices for providing tax <br />relief to the City of Martinsville taxpayers. Otherwise the City will, by default, <br />be forced to make programming changes to meet the new PPTRA program <br />requiremen ts. <br /> <br />Attachments: <br /> <br />Ordinance No. 2005-8 <br /> <br />Recommendations: Motion to approve Ordinance on first reading <br />