Ordinance No. 921ORDINANCE NO. 921
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CYPRESS, AMENDING
SECTION 15 -30 OF THE CODE OF THE CITY OF CYPRESS ESTABLISHING
CAPS IN THE BUSINESS TAX RATE SCHEDULE
THE CITY COUNCIL OF THE CITY OF CYPRESS DOES ORDAIN AS
FOLLOWS:
SECTION 1. Section 15 -30, "Tax Rate Schedule," of the Code
of the City of Cypress is hereby amended to read as follows:
"01 - For the business of General Retail Sales, the annual tax
shall be based on gross receipts as follows:
The annual tax is calculated at $.26/$1,000 based on gross
receipts; with a cap of $16,000 for businesses producing over
$750,000 in sales tax revenues to the City. For any
businesses' city sales tax receipts in excess of $1.0 million
during the previous calendar year the business tax will be
reduced from the cap at a rate of $20/$1,000 of sales tax down
to the minimum tax of $40."
"03 - For the business of Wholesale Sales or Manufacturing,
the annual tax shall be based on gross receipts as follows:
The annual tax is calculated at $.16/$1,000 based on gross
receipts with a cap of $16,000 for businesses producing over
$750,000 in sales tax revenues to the City. For any
businesses' city sales tax receipts in excess of $1.0 million
during the previous calendar year the business tax will be
reduced from the cap at a rate of $20/$1,000 of sales tax down
to the minimum tax of $40."
SECTION 2. If any section, subsection, subdivision,
sentence, clause, phrase, or portion of this Ordinance, is for any
reason held to be invalid or unconstitutional by the decision of
any court of competent jurisdiction, such decision shall not affect
the validity of the remaining portions of this Ordinance. The City
Council hereby declares that it would have adopted this Ordinance,
and each section, subsection, subdivision, sentence, clause,
phrase, or portion thereof, irrespective of the fact that any one
or more sections, subsections, subdivision, sentences, clauses,
phrases, or portions thereof be declared invalid or
unconstitutional.
SECTION 3. In accordance with government Code Section
36937(d), this Ordinance shall take effective immediately upon its
adoption.
SECTION 4. The City Clerk is hereby authorized and
directed to certify as to the passage of this Ordinance and to give
notice thereof by causing copies of this Ordinance to be posted in
three public places throughout the city.
FIRST READ at a regular meeting of the City Council of said
City held on the 25th day of July 1994, and finally adopted and
ordered posted at a regular meeting held on the 8th day of August
1994.
THE CIvY OF CYPRESS
(Mayor Pro Tem)
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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
I, DARRELL ESSEX, City Clerk of the City of Cypress, DO HEREBY
CERTIFY that the foregoing Ordinance was duly adopted at a regular
meeting of the said City Council held on the 8th day of August
1994; by the following roll call vote:
AYES:
NOES:
ABSENT:
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0
1
COUNCIL MEMBERS: Age, Bowman, Kerry and Nicholson
COUNCIL MEMBERS: None
COUNCIL MEMBERS: Partin
CITY CLEF THE TY OF CYPRESS