RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COMMERCE, CALIFORNIA, APPROVING AN AGREEMENT WITH THE FRANCHISE TAX BOARD FOR PARTICIPATION IN A DATA EXCHANGE PROGRAM WHEREAS, in September 2008, the legislature passed SB 1146 which mandated cities that administer a business tax program to provide specific data to the Franchise tax Board (“FTB”) on an annual basis; and WHEREAS, SB 1146 provided cities with an opportunity to enter into a reciprocal agreement with the FTB in order to participate in a Data Exchange Program; and WHEREAS, on September 8, 2009, City Council approved a reciprocal agreement with the FTB for participation in the FTB’s Data Exchange Program. The term of the agreement expired in December 2011; WHEREAS, on March 6, 2012, City Council approved a reciprocal agreement with the FTB for participation in the FTB’s Data Exchange Program. The term of the agreement expired in December 2014; WHEREAS, on April 21, 2015, City Council approved a reciprocal agreement with the FTB for participation in the FTB’s Data Exchange Program. The term of the agreement expired in December 31, 2017; WHEREAS, on March 8, 2018, City Council approved a reciprocal agreement with the FTB for participation in the FTB’s Data Exchange Program. The term of the agreement expired in December 2020; and WHEREAS, on April 6, 2021, City Council approved a reciprocal agreement with the FTB for participation in the FTB’s Data Exchange Program. The term of the agreement will expire in December 31, 2023.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF COMMERCE DOES HEREBY RESOLVE AS FOLLOWS:
Section 1. The City Council of the City of Commerce hereby finds and declares that the foregoing recitals are true and correct, and incorporates them herein as findings and as a substantive part of this Resolution.
Section 2. The City Council hereby approves the Reciprocal Agreement with the Franchise Tax Board for the City’s participation in the Data Exchange Program. The Mayor is hereby authorized to execute the agreement and this Resolution for and on behalf of the City of Commerce.
Section 3. This Resolution shall take full force and effect immediately upon adoption by the City Council.
PASSED, APPROVED AND ADOPTED this 24th day of October, 2023. __________________________
Hugo Argumedo
Mayor
ATTEST:
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Lena Shumway
City Clerk