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Resolution 118200006.90000 WSS/gjz 10/29/2008' RESOLUTION NO. 1182 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, OPPOSING ESTABLISHMENT OF A LOCAL BUSINESS AND OCCUPATION TAX ON RETAIL BUSINESS AND PROFESSIONAL SERVICES. WHEREAS, the State of Washington currently collects a State business and occupation tax, and WHEREAS, taxes are one of the most important factors influencing business location decisions, and WHEREAS, most cities adjacent to, and within the immediate vicinity of Edmonds currently do not collect a local business and occupation tax, and WHEREAS, a Business and Occupation tax could serve to make existing businesses in Edmonds less competitive, and dissuade new businesses from locating in the City of Edmonds; and WHEREAS, a Business and Occupation tax, as a gross receipts tax, unfairly places significant tax burdens on start-up businesses, and therefore frustrates job creation, business prosperity, and economic development, and WHEREAS, the Edmonds City Council wants to retain the City's relative competitive position to other nearby cities, now, therefore, THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, HEREBY RESOLVES AS FOLLOWS: {WSS709458.DOC;1/00006.900000/} - 1 - Section 1. The City Council affirms its opposition to, and will not establish, a Business and Occupation Tax on retail business and professions as a part of the 2009-2010 budget process. This resolution does not apply to taxes imposed on utilities. RESOLVED this 3rd day of November, 2008. APPROV COLACIL PRtSIDENT, MICHAEL PLUNKETT ATTEST/AUTHENTICATED: e • &,-.- CITY CLERK, SANDRA S. CHASE FILED WITH THE CITY CLERK: 10/31/2008 PASSED BY THE CITY COUNCIL: 11/03/2008 RESOLUTION NO. 1182 {WSS709458.DOC;1/00006.900000/} - 2 -