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CALIFORNIA | LOCAL
November 18, 2004 | Patrick McGreevy, Times Staff Writer
Hoping to keep film companies and other businesses from leaving Los Angeles, the City Council adopted a landmark package of tax reforms Wednesday that would exempt 61% of firms from city business taxes and eventually slash levies by $92 million annually. More than a decade in the making, the tax package was passed unanimously by the City Council and sent to Mayor James K. Hahn, who has pledged to sign the seven measures into law.
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NEWS
April 14, 2014 | By Kerry Cavanaugh
Mayor Eric Garcetti dropped no bombshells when he released his first budget Monday. The $8.1-billion spending plan was in line with the theme of his administration so far: focus on basic city functions, improve customer service, control costs and win back public trust. All in all, it's a modest budget from an administration that takes pride in being prudent. Most modest is his plan to trim the business tax. When the proposal was floated earlier this year, Garcetti was going to eliminate the business tax. Phase it out. Get rid of it. Businesses and entrepreneurs hate the city's business tax because it's significantly higher than almost all surrounding cities, and it's based on gross receipts, not profits, so a company could be hit with a big tax bill even if it made no money that year.
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NEWS
April 19, 2012 | By Lisa Mascaro
WASHINGTON -- Despite a veto threat from President Obama, the House approved a business tax break that critics say would add $46 billion to the deficit and do little to create jobs. The 20% break for companies with fewer than 500 employees drew overwhelming support from Republicans as a boost to the economy, but was attacked by Democrats as favoring wealthier business owners, celebrities and sports teams. The vote was 235-173. The showdown comes after Republicans earlier this week in the Senate shot down Obama's proposed "Buffett rule" for taxing millionaires, and reflects the parties' competing visions for how best to address the nation's fiscal and economic issues heading to the fall election.
CALIFORNIA | LOCAL
April 14, 2014 | By David Zahniser, Emily Alpert Reyes and Ben Welsh, This post has been corrected, as indicated below.
Los Angeles Mayor Eric Garcetti on Monday unveiled a hold-the-line budget for the coming fiscal year, proposing modest increases in a handful of city services and zero reduction in the business tax -- an issue that the mayor repeatedly has promised to tackle. Garcetti's $8.1 billion financial proposal, which requires approval from the City Council, closes a $242 million gap in part by relying on increased tax revenue projections and reductions in vacant positions. The financial plan assumes the city's workforce, including police officers and firefighters, will not receive raises in the coming year.
CALIFORNIA | LOCAL
March 8, 1990
All small businesses in Los Angeles have received a 500% increase in their business tax renewals. Big businesses are not affected at all. Since small businesses have been, and are, the backbone of this country, I suggest that all those affected by this inequity should write to their city councilman as well as Donald DeBord, chief, Tax Permit Division, 201 N. Main St., Room 101, and request this increase be modified to an overall percentage increase...
CALIFORNIA | LOCAL
August 7, 2010 | By David Zahniser, Los Angeles Times
The Los Angeles City Council approved a series of initiatives Friday aimed at invigorating the city's stagnant economy, offering a tax break for new, large businesses and taking steps to lure a Chinese car maker and a museum planned by billionaire Eli Broad. Hoping to get more of its constituents back to work, the council voted 10 to 0 to waive the business tax for the next three years for companies that move into the city and receive more than $500,000 in yearly gross receipts.
NEWS
April 14, 2014 | By Kerry Cavanaugh
Mayor Eric Garcetti dropped no bombshells when he released his first budget Monday. The $8.1-billion spending plan was in line with the theme of his administration so far: focus on basic city functions, improve customer service, control costs and win back public trust. All in all, it's a modest budget from an administration that takes pride in being prudent. Most modest is his plan to trim the business tax. When the proposal was floated earlier this year, Garcetti was going to eliminate the business tax. Phase it out. Get rid of it. Businesses and entrepreneurs hate the city's business tax because it's significantly higher than almost all surrounding cities, and it's based on gross receipts, not profits, so a company could be hit with a big tax bill even if it made no money that year.
NATIONAL
January 13, 2009 | washington post
Bowing to widespread Democratic skepticism, President-elect Barack Obama will drop his bid to include a business tax break he once touted in the economic stimulus bill now taking shape on Capitol Hill, aides said Monday night. Obama suggested the $3,000-per-job credit last week as one of five individual and business tax incentives aimed at winning Republican support.
NATIONAL
January 2, 2013 | By Joseph Tanfani and Matea Gold, Washington Bureau
WASHINGTON - In the last-minute dealmaking to stop the nation from tumbling over the so-called fiscal cliff, Congress and the White House decided not to spare most people from a hike in Social Security payroll taxes. But they did find room for billions in special tax breaks for rum makers, racetrack owners, railroads - and Hollywood studios. Riding along on the compromise bill were dozens of provisions that renewed existing tax breaks. All told, the business tax breaks will cost more than $63 billion next year, according to an analysis by Congress' Joint Committee on Taxation.
CALIFORNIA | LOCAL
June 29, 1989
The El Segundo City Council has scheduled another public hearing Wednesday to discuss restructuring a proposal that would increase taxes on businesses. Officials from Hughes Aircraft Co., Rockwell International Corp., Northrop Corp., and the Chamber of Commerce told the City Council on Tuesday that they would like more time to offer feasible alternatives to the council plan. The council is considering a payroll tax paid by the employer based on a percentage of the amount spent on wages and salary.
CALIFORNIA | LOCAL
April 14, 2014 | By Ben Welsh, David Zahniser, Emily Alpert Reyes
Los Angeles Mayor Eric Garcetti's first proposed budget calls for hiring 140 firefighters and the start of a sweeping overhaul of the city's 911 dispatch system, part of a bid to speed the response to hundreds of thousands of calls for help each year. The revamped dispatch operation, outlined Monday by the mayor's office as it presented an $8.1-billion spending plan for the coming fiscal year, would unify separate police and fire emergency call centers and gradually replace some uniformed firefighters with lower-paid civilian phone operators.
CALIFORNIA | LOCAL
April 10, 2014 | By Emily Alpert Reyes
Striking a "back to basics" theme, Los Angeles Mayor Eric Garcetti concluded his first State of the City address by challenging residents to help build "the Los Angeles of tomorrow. " "I stand before you today to say that the state of our city is strong, but is in need of fundamental reform," he said.  In a 45-minute appearance at the California Science Center, Garcetti said he would keep the Department of Water and Power from raising rates this year, foster jobs by starting to phase out the city's business tax, reform the Fire Department and make "great streets" out of 15 city byways from the San Fernando Valley to San Pedro.
CALIFORNIA | LOCAL
April 2, 2014 | By Emily Alpert Reyes
More than 450   medical marijuana shops have filed renewals to pay Los Angeles business taxes this year - more than three times as many as are allowed to stay open under Proposition D. The new numbers won't settle the debate over how many medical marijuana businesses are now operating in Los Angeles. Additional pot shops may be open but have fallen delinquent on their taxes. Some may have never registered to pay taxes at all. But the numbers provide the latest hint at what has happened since Los Angeles voters passed new rules attempting to restrict medical marijuana shops.
CALIFORNIA | LOCAL
March 17, 2014 | By Kim Christensen
Scores of small businesses burned in a payroll-tax scam got some welcome news late last week when an insurance company said it would cover $3 million of their total losses. "We won't get all of our money back, but at least it looks like we will get a good chunk," said Melissa Meltzer, who with her husband, Robert, owns a Los Angeles children's fitness franchise that lost about $55,000. The Meltzers are among about 150 mostly Southern California restaurateurs, dentists, hairstylists and others who learned around Christmas that money they had deposited with LA Payroll for state and federal taxes had disappeared - as had the company's owner, Tovmas Grigoryan.
CALIFORNIA | LOCAL
March 10, 2014 | By Emily Alpert Reyes
More than 100 pot shops have shut down since Los Angeles started enforcing new rules restricting medical marijuana dispensaries, City Atty. Mike Feuer announced Monday. In addition to the rules prompting scores of closures, Feuer said city lawyers had successfully fended off a host of legal challenges. In one closely watched case, they prevented a dispensary from opening in Mar Vista, securing a permanent injunction before it could set up shop. “We have a long way to go, but we have a great start,” said Los Angeles Police Chief Charlie Beck, who joined Feuer at a press conference.
OPINION
January 17, 2014 | By Robert Krol and Shirley Svorny
The recent report from the Los Angeles 2020 Commission paints a bleak picture for Los Angeles, with a laundry list of ills facing the city. Our concern is that the commission will recommend options, to come within 90 days, that mimic those of the past: policies that favor specific industries, aim for growth in only particular geographic areas, lend money to firms turned down by banks or target specific types of jobs. We can't say this firmly enough: An important objective must be to make adjustments that give investors security about the future of city services and tax rates.
CALIFORNIA | LOCAL
October 2, 2013 | By Michael Finnegan and Catherine Saillant
Los Angeles Mayor Eric Garcetti sought Wednesday to rebuild his frayed ties with the city's business leaders, embracing their City Hall agenda while promoting his efforts to speed L.A.'s economic recovery. "You set the agenda for us," Garcetti told a gathering of L.A. Area Chamber of Commerce members in the City Hall rotunda. "It's time to put the recession in the rearview mirror," he said. "It's time for us, as Los Angeles, to be an example for what a modern city can be, and an economy of a modern city can look like.
CALIFORNIA | LOCAL
July 1, 2013 | By David Zahniser
Los Angeles Mayor Eric Garcetti spent his first morning as mayor discussing jobs and city services with business leaders from San Pedro to Century City while sending a not-too-subtle message to the organizations that backed his opponent, former City Controller Wendy Greuel. Garcetti conducted a round table with more than a dozen chambers of commerce, including groups that represent Sherman Oaks, North Hollywood, Venice, Lincoln Heights, Harbor Gateway and Historic Filipinotown, asking for ideas about ways to make the city more business friendly.
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