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Res 06-84 RESOLUTION NO. 6-84 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DELRAY BEACH, FLORIDA, VOICING THE OPPOSITION OF THE CITY COUNCIL TO THE UNITARY TAX IMPOSED ON CORPORATIONS BY THE STATE OF FLORIDA AND CALLING FOR A REPEAL AND REPLACEMENT OF THAT UNITARY TAX; PROVIDING FOR THE FURNISHING OF COPIES OF THIS RESOLUTION. WHEREAS, the City Council of the City of Delray Beach, Florida is aware that recent amendments to Florida's unitary tax both expand the definition of a unitary business and expand the taxable base of a business designated as a unitary business by requiring the inclusion of income from foreign sources; and, WHEREAS, the City Council of the City of Delray Beach is aware that the unitary tax, and those amendments in particular, impose a double financial burden on some Florida businesses, first by requiring elaborate and costly calculations of the value of the worldwide property holdings and worldwide income, and secondly by including that worldwide income in the tax base of the corporation for purposes of determining Florida tax; and, WHEREAS, the City Council of the City of Delray Beach and the citizens of Delray Beach have experienced a local hardship as a direct result of the unitary tax system in the form of a decision by IBM to cancel its agreement for long-term lease for 1-50,000 square feet in a planned $$ m~]]fon complex because of Florida's unitary tax system, and as a result of that decision, plans for the commercial complex have been halted; and, WHEREAS, the City Council of the City of Delray Beach recognizes that the purpose of this unitary tax was to raise revenues for educational purposes, but in this case the result will be the loss of ad valorem revenues to the City of Delray Beach, the County of Palm Beach, and ironically the Palm Beach County School District, and in addition, the State will experience a loss in sales tax revenues which might have been generated by a business with a $15 million annual payroll; and, WHEREAS, the City Council of the City of Delray Beach is disturbed and deeply concerned by the realization that decisions by corporations to settle in other states result in a loss of jobs both in the sphere of direct employment and in the sphere of secondary services and products provided to those businesses and their employees; and, WHEREAS, our national economy is experiencing a growth in high tech industries whose members make the ideal additions to a community by providing jobs and tax resources with little consequential demand upon governmental services; and, WHEREAS, the imposition of the unitary tax by the 'State of Florida upon businesses and corporations during this developmental period will result in Florida citizens being deprived of sharing in the multitude of benefits of having those high tech corporations as members of their community; and, WHEREAS, the City Council of the City of Delray Beach believes that its experience with the loss of a valuable business is not, and shall not be, isolated but portends a result absolutely contrary to the intent of the legislature -- a loss in corporate tax, school tax and sales tax revenues, a loss in jobs, a destabilization rather than a stabilization of the tax base, and a consequential need to shift an even greater share of the tax burden onto the shoulders of individual citizens. WHEREAS, the City Council of the City of Delray Beach, Florida, wishes to express its opposition to this Florida unitary tax, with its subsequent amendments, and to request its repeal and replacement. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS: Section 1. That the City Council of the City of Delray Beach,. Florida, after carefuJ consideration hereby /ormally declares its opposition to the State of Florida's unitary tax system and urges 'the Florida Legislature to move swiftly to bring about its repeal and replacement. Section 2. That the City Clerk is hereby authorized and directed to furnish a copy of this Resolution to local members of the State Legislature and any other entity or individual requesting same. PASSED AND ADOPTED in regular sessi6n on this the 16th day of January , 1984. : ATTEST: 2 RES. NO. 6-84