HomeMy WebLinkAboutRES 85-270 R E S O L U T I O N
WHEREAS, certain proposals to be considered by the United
States Congress would destroy the Federal tax deduction for state
and local taxes; and,
WHEREAS, the Federal deduction for State and local
property, income and sales taxes is essential to the economic
well-being of moderate income Americans; and,
WHEREAS, the deduction for State and local taxes has been
part of the tax code of the United States since 1913 when the first
Federal Income Tax was enacted; and,
WHEREAS, the purpose of the deduction for State and local
taxes is to protect individuals from double taxation of their
income; and,
WHEREAS, the financial health of the City of Beaumont and
other local governments would be compromised if State and local
taxes were no longer deductible from Federal tax returns; and
WHEREAS, many familes would not be able to afford a home
without the Federal deductions for local property taxes; and,
WHEREAS, businesses would flee urban metropolitan areas
which have a sales tax and would thus erode the tax base of such
metropolitan areas which must raise substantial revenues to support
needed governmental services; and,
WHEREAS, repeal of the deduction for State and local
taxes would tend to depress property values, penalizing familes who
purchased homes years ago based on the then current tax law;
NOW, THEREFORE, BE IT RESOLVED BY THE
CITY COUNCIL OF THE CITY OF BEAUMONT:
THAT the City Council hereby urges the United States Congress to
enact no legislation which would limit the deductibility of State
and local property income and sales taxes for Federal Income Tax
purposes.
PASSED BY THE CITY COUNCIL of the City of Beaumont this
the day of 1985.
/—"�iLwj'al
Mayor -
2 -