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Ord 1970 - Amending Town Code Section 14.10.120 Regarding The Business License Tax Credit for Businesses Within a Parking and Business Improvement AreaORDINANCE 1970 ORDINANCE OF THE TOWN OF LOS GATOS AMENDING TOWN CODE SECTION 14.20.120 REGARDING THE BUSINESS LICENSE TAX CREDIT FOR BUSINESSES WITHIN A PARKING & BUSINESS IMPROVEMENT AREA THE TOWN COUNCIL OF THE TOWN OF LOS GATOS DOES ORDAIN AS FOLLOWS: SECTION I This ordinance has been duly noticed pursuant to the requirements of California Government Code Section 54954.6. SECTION II Section 14.20.120 of the Town Code is amended to read as follows: Section 14.20.120. Credit for Businesses in Parking & Business Improvement Areas (a) Any business located and operating within a parking and business improvement area established by the Town pursuant to Streets and Highways Code section 36500 and following shall receive a credit on the annual license tax as set forth in this section if: 1) An assessment pursuant to the parking and business improvement area district ordinance has been levied on the business by the Town for the license year; and 2) The business has paid its parking and business improvement area district assessment for the prior year. (b) Each person doing any of the kinds of business identified as "Contractor," "Hospitals, rest homes, and the like," "Professional and semiprofessional occupations," "Service occupations," and "Trucking" in section 14.20.115 shall receive a credit equal to fifty (50) percent of the annual business license tax. (c) Every person doing any other kind of business shall receive a credit equal to thirty -three and a third (33 -1/3) percent of the annual business license tax. SECTION III This ordinance was introduced at a regular meeting of the Town Council of the Town of Los Gatos on February 7, 1994 and adopted by the following vote as an ordinance of the Town of Los Gatos at a regular meeting of the Town Council of the Town of Los Gatos on February 22, 1994. This ordinance takes effect immediately. COUNCIL MEMBERS: AYES: Joanne Benjamin, Steven Blanton, Linda Lubeck, Patrick O'Laughlin and Mayor Attaway. NAYS: None ABSENT: None ABSTAIN: None SIGNED: MAYOR THE TOW OS GATOS LOS GATOS, CALIFORNIA ATTEST- CLERK OF THE T OWN O LOS GATOS LOS GATOS, CALIFOR I N:ATY \CREDITOR.LEA