Minutes 04/28/1987 - Laserfiche WebLink

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TUESDAY, APRIL 28, 1987 ---- Minter's March 23rd letter to local realtors, in which letter Mr. Minter cited an authoritative interpretation of State guidelines or taxing statutes which now permit, for local license taxation, requiring a local license not only from real estate brokers but also from their respective agents, where such agents are not classified as employees but as independent contractors. Mr. Minter also reported that he has received no adverse reaction from the several real estate brokers he has contacted on this matter and, too, that adequate record-keeping procedures are already in place. Appearing before Council, in connection with this matter, were . Messrs. Roger L. Young (of The Young Company) and A. C. Hall (of A. C. Hall, Realtor), local realtors, who expressed no real opposition to the proposed licensing separately of real estate brokers and their agents who are independent contractors, inasmuch as (as pointed out by Mr. Minter) there would be no "double" taxation; however, Mr. Hall did note the fact that real estate independent contractors incur expenses or costs which independent contractors in other fields do not incur. At Council's request, Mr. Minter agreed to defer the mailing of license tax appli- cations (scheduled to be mailed May 1st) to local realtors and their independent contractors until immediately after Council's next regular meeting (to be held May 12th) in order that this matter, with Mr. Minter's explanation, might be considered by the full Council (i.e., when Mr. Groden and all other members can be present). ,- Council took the following actions on the following staff reports: A. Acknowledged receipt of a statement reflecting balances of all funds, as of March 31, 1987; B. Acknowledged receipt of a (quarterly) financial report for the nine-month period ended March 31, 1987; C. Acknowledged and discussed an updated report on the City's Water Pollution Control (Sewage) Treatment Plant expansion, which report is made a part of the minutes of this meeting as an addendum thereto; D. Acknowledged receipt of notice that the local Circuit Court has recently ruled in favor of the Tultex Corporation, as plaintiff, in its civil action (based on a claim of tax-exempt status) against the City of Martinsville for recovery of some $25,000.00 paid by Tultex to the City as taxes (assessed by the City's Commissioner of the Revenue)