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<br />232 <br /> <br />TUESDAY <br /> <br />MAY 25. 12.24 <br /> <br />3. That your Petitioners have without formal protest <br />paid said license tax since May 1st, 1948. <br /> <br />4. That since the enactment date of said tax the economic <br />situations which must be faced by your Petitioners has <br />changed materially in that, <br /> <br />(a) The profit margins of all your Petitioners <br />have been substantially decreased. <br /> <br />(b) The competition which must be met by your <br />Petitioners quality-vnse and price-vnse has <br />increased substantially in every material aspect. <br /> <br />5. That b,y virtue of such tax your Petitioners are dis- <br />couraged and in some cases prohibited from expanding their <br />present operations physically wi thin the C1 ty of Martinsville. <br /> <br />6. That the present trend in cities comparable in size and <br />population to l~rtinsville is to materially reduce or <br />eliminate said tax on your Petitioners competitors. <br /> <br />Your Petitioners therefore respectfully request in consideration <br />of the above, that City Council proceed forthwith to activate <br />procedures leading to the repeal or elimination of Section Five, <br />of Chapter III, Ordinance of the City of Martinsville, dated <br />April 26, 1949, entitled "Gross Receipts License Tax on <br />Manufacturers, Mills and Processors". <br /> <br />Lester Lumber Company, Inc. <br />Virginia Mirror Company <br />Hooker Furniture Corporation <br />Pannill Knitting Company, Inc. <br />Sale Knitting Company <br />Lacy Manufacturing Company, Inc. <br />American Fumi ture Company, Inc. <br />Gravely Novelty Furniture Company <br />Morris Novelty Furniture Corporation <br />Fibre Board Container Corporation <br />Standard Garments, Inc. <br />Virginia Underwear Corporation <br />Consolidated Textile Company, Inc. <br />Old Dominion Box Company <br />V. M. Draper Manufacturing Co., Inc. <br />W. M. Bassett Furniture Company <br />Hampton-Wrenn, Inc. <br /> <br />In connection with not only this phase of the City's gross receipts license <br /> <br />tax ordinance but also in connection with other phases of said ordinance <br /> <br />Council received the following report and recommendations from its special <br /> <br />committee and, in its accepting said report and recommendations, discharged <br /> <br />said committee inasmuch as the committee's assignment has been completed: <br /> <br />