.✨.♪♫•*¨*•. Cover Me ..♪♫•*¨*•. . ~ the Delta Blues Outlaws
.✨.♪♫•*¨*•. .Cover Me ..♪♫•*¨*•. . the Delta Blues Outlaws https://youtu.be/liApP5LlKqE.✨.♪♫•*¨*•. .The Love Doctor ..♪♫•*¨*•. . ...
University Park Family
For the USC and Exposition Park neighborhoods in Los Angeles
LA cuts business taxes to create jobs, cites USC Marshall School study
The premise is simple: "The City would not have collected gross receipts taxes from companies which would not have moved to Los Angeles without the exemption."
The Council voted to remove the gross receipt tax for three years for new businesses.
The measure could create more than 55,000 new jobs and benefit small businesses, reports the study's author, Charles Swenson of the USC Marshall School of Business.The study was commissioned by the mayor's office.
The gross receipts tax will bring in about $411 million this fiscal year, about 10 percent of the city's revenues, he reports.
The city has a tax for gross receipts, a relatively small amount, which is rare outside of Ohio. In California only LA., Frisco and Santa Monica have significant city gross receipts, he reports.
Swenson also found that enterprise zones, which give tax breaks to businesses location in defined areas, such as many of the neighborhoods around USC, spurred economic growth and job creation.
Gary Toebben of the LA Area Chamber reports that the city acted on five of the L.A. Area Chamber's top business and budget priorities: taxpayer's bill of rights; reducing taxes by 60 percent for businesses in
the highest tax category; public pension reform and contracting out city services.
Toebben also reports the City Council voted 9-5 to have a private firm provide the City's ambulance service
billing and collections
The Council voted to remove the gross receipt tax for three years for new businesses.
The measure could create more than 55,000 new jobs and benefit small businesses, reports the study's author, Charles Swenson of the USC Marshall School of Business.The study was commissioned by the mayor's office.
The gross receipts tax will bring in about $411 million this fiscal year, about 10 percent of the city's revenues, he reports.
The city has a tax for gross receipts, a relatively small amount, which is rare outside of Ohio. In California only LA., Frisco and Santa Monica have significant city gross receipts, he reports.
Swenson also found that enterprise zones, which give tax breaks to businesses location in defined areas, such as many of the neighborhoods around USC, spurred economic growth and job creation.
Gary Toebben of the LA Area Chamber reports that the city acted on five of the L.A. Area Chamber's top business and budget priorities: taxpayer's bill of rights; reducing taxes by 60 percent for businesses in
the highest tax category; public pension reform and contracting out city services.
Toebben also reports the City Council voted 9-5 to have a private firm provide the City's ambulance service
billing and collections
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