Manhattan Beach, California Development News

City Council Advances Business License Tax Reform to Ballot with Model 4

The City Council discussed and deliberated on proposed changes to the business license tax structure, considering various models and public feedback. The council ultimately directed staff to prepare resolutions and ordinance language for Model 4, a variable gross receipts tax model, to be placed on the November 3rd general election ballot. This model aims to simplify the tax code, make it fairer, and potentially lower taxes for a majority of businesses, while ensuring larger businesses pay a more proportional share. The council also decided to revisit the cap amount and consider specific industry carve-outs or policies in future meetings, specifically regarding real estate agents and residential property rentals. The fiscal transparency page and communication strategies were also discussed as future agenda items.