Minutes 04/13/1976 - Laserfiche WebLink

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335 A~ril 13_ 1976 Ayes: Barnes, Early, Elliott, Holley, Wentz Nays: None 76-144 "Consideration of a resolution legislation to permit local utility taxes to income tax returns. urging the Congress of the United States to adopt be included as itemized deductions on individual There is presently u~der consideration by the Congress of the United States legislation which would permit deductions for local utility taxes as a deduction on Federal income tax reports. This resolution urges the Congress of the United States to adopt such legislation and permit the local utility tax to be included as an itemized deduction on Federal income tax returns. Th.e City Manager recommends adoption." On motion of Mr. Barnes and seconded by Mr. Elliott, the following resolution was adopted and by the following vote: "A RESOLUTION URGING THE CONGRESS OF THE UNITED STATES TO ADOPT LEGISLATION WHICH WILL PERMIT LOCAL UTILITY TAXES TO BE INCLUDED AS AN ITEMIZED DEDUCTION ON INDIVIDUAL INCOME TAX RETURNS. WHEREAS, the Council of the City of Portsmouth, Virginia, has attempted to brcraden the impact of the tax load by the institution of consumer use taxes on water gas, electric and telephone services; and ' WHEREAS, the utility taxes are identifiable as taxes on the statements presented to the citizens by the several utility companies; and WHEREAS, the.citizens.are.not permitted to deduct the utility taxes from the income reportable for Federal Income Tax purposes; and WHEREAS, there is under consideration by the Congress.of the United States certain legislation known as Hous'e Resolution 8133 which would permit the deduction of-local utility taxes from income reportable for Federal Income Tax purposes. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Portsmouth, Virginia, that the Congress of the United States is hereby urged to adopt legislation which will permit local utility taxes to be included as an itemized deduction on Federal Income Tax returns. BE IT FURTHER RESOLVED that copies of this resolution to the the United States." the City Clerk be, and he hereby is, instructed to forward members of the Virginia Delegation to the Congress of .Ayes:~ Barnes, Early, Elliott, Holley, Wentz Nays: None . _ 76-145 - "Consideration of a resolution authorizing the use of $20,000 in Revenue Sharing Funds previn~g~y appropriated for the Elm Avenue pool for Neighborhood Facilities repairs and Cavalier Manor pool repairs. We currently have an unencumbered balance of $20,000 left on the Elm Avenue pool project, and the pool at Cavalier Manor as well as the Neighborhood Facility require repairs immediatel This resolution will authorize the use of Revenue Sharing Funds for this purpose within the orii$nal category in which it was appropriated -- Capital Improvements/Recreation. The City Manager recommends adoption." On motion of Mr. Elliott and seconded by Mr. Early, the following resolution was adopted, andBy the following vote: "A RESOLUTION AUTHORIZING THE CITY MANAGER TO UTILIZE $20,000. PREVIOUSLY APPRO- PRIATED FOR THE ELM AVENUE POOL FROM THE GENERAL REVENUE SHARING FUND IN THE CAPITAL IMPROVEMENT CATEGORY FOR RECREATION, SAID AMOUNT TO BE UTILIZED FOR THE FOLLOWING PURPOSES: $11,OOO. TO BE UTILIZED FOR COMPLETION OF REPAIRS AT THE ELM AVENUE NEIGHBORHOOD FACILITY; $9,000. TO BE UTILIZED FOR REPAIRS TO THE CAVALIER MANOR POOL. WHEREAS, by Ordinance dated January 28, 1975, the Council appropriated $128,O00. from the General Revenue Sharing Fund category for recreation for the Elm Avenue.pool; and of the City of Portsmouth in the Capital Improvement ~fHEREAS, an unencumbered balance in the amount of $20,OOO. and was left in this appropriatio: WHEREAS, the amount of $11,OOO. is required to complete the repairs to the Elm Avenue neighborhood facility; and WHEREAS, the amount of $9,000. and is required for repairs to the Cavalier Manor pool; WHEREAS, the last two above-mentioned projects are within the Capital Improvement category for recreation of the General Revenue Sharing Fund.