Minutes 05/08/1962 - Laserfiche WebLink

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26 TUES Ilt\y MAY 8, 1962 The regular semi-monthly meeting of the Coumil of the City of MBrtinsville, Virginia, with Mayor J. Frank Wilson presiding, was held in the Council Chamber, City Hall, Tuesday, May 8, 1962, at 7:30 P.M., all members of Council being present, viz., Mayor J. Frank Wilson; Vice-Mayor Fred T. Renick; Thomas J. Burch; E. E. Stone; and Harry L. Boaz. Afte~ the invocation, Council approved as read (with one correction since made) the minutes of its regular meeting held April 24, 1962, and of its special meetings held April 27, 1962, May 1,1962, and May 4,1962. Upon motion, duly seconded and unanimously carried, Coun::il adopted the following ordiname amending the City's Busimss & Occupational License Tax Code by reducirg the business license tax rate on local manufacturing firms from ten cents to seven cents per one hundred dollars of gross receipts, effective May 1, 19631 BE IT ORDAINED by the Council of the City of Martinsville, Virginia, in regular meetirg assembled this eighth daiY of May, 1962, that Section 5 of Chapter III of the License Tax Ordinance of the City of Martinsville, 1949 and as amended, be and is hereby amended to provide that, effective May 1, 1963, the annual license tax: rate to be paid by persons or business firms engaged in business operations classified under said Section 5 shall be seven cents (7~) per one hundred dollars of gross receipts. Upon recommendation of City Manager Hirst and Commissioner of the Revenue J. David Morris, Council deferred action on a recent suggestion submitted by Moorefield's Cleaners & Laundry that license tax revisions be made to insure more equitable taxation of local laundries and dry cleaning firms. C01IDCil was informed that any change in any one license tax classification might result in an imbalance in other classifications and Coumil comurred in the suggestion that a study commission be established for the purpose of reviewing the City's business license tax structure.