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Title:
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Hearing to consider the four matters relating to the City's business tax as follows: ordinance authorizing the settlement of lawsuits filed as outlined in File 010437; resolutions providing for the issuance and authorizing and directing the sale of not to exceed $69,060,000 of City and County Settlement Obligation Bonds, Series 2001; and ordinance amending the Business and Tax Regulations Code to (1) repeal Section 917.1 of Article 12-A and all of Article 12-B to eliminate the gross receipts method of calculating the tax on businesses; (2) enact a new Article 12 to amend business registration requirements consistent with the repeal of Article 12-B; and (3) enact a new Article 12-B to refund gross receipts-based tax payments for the 2000 tax year to the extent that such payments exceeded businesses' tax liability for such year as measured by their payroll expense.
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