eComments During Meetings: When available, click here to submit eComments during a live meeting | Attendees must register here to attend all virtual meetings.

File #: 15-282    Version: Name:
Type: Minute Order Status: Passed
File created: 9/22/2015 In control: City Council Meeting Agenda
On agenda: 10/12/2015 Final action: 9/28/2015
Title: CC - Adoption of Resolution Extending Suspension of the Collection of Business Tax for Itinerant Motion Picture/Television Producers for an Additional 10 Years.
Attachments: 1. 15-10-12_RESO_FIN_Suspension of Filming Tax for Ten Years.pdf

title

CC -  Adoption of Resolution Extending Suspension of the Collection of Business Tax for Itinerant Motion Picture/Television Producers for an Additional 10 Years.

 

body

Contact Person/Dept:                     Jeff Muir/Finance

Phone Number:                                            (310) 253-5865

 

Fiscal Impact:  Yes [X]    No []                                                                           General Fund:  Yes [X]     No []

 

Public Hearing:  []                               Action Item:                     [X]                   Attachments:   Yes [X]     No []   

 

Commission Action Required:     Yes []     No [X]    Date:

Commission Name:          

 

Public Notification:   (E-Mail) Meetings and Agendas - City Council (10/07/15), (E-Mail) Culver City Chamber of Commerce (10/07/15), (E-Mail) Sony Corporation (10/07/15), (E-Mail) Culver Studios (10/07/15), (E-Mail) GMT Studios (10/07/15), (E-Mail) Motion Picture Association of America (10/07/15).

 

Department Approval:                       Jeff Muir, Chief Financial Officer (10/06/15)

______________________________________________________________________

 

RECOMMENDATION

 

Staff recommends the City Council adopt the proposed resolution to extend the suspension of the collection of business tax on itinerant motion picture/television producers for an additional 10 years.

 

 

BACKGROUND

 

On February 7, 2011, the City Council adopted a resolution instituting a five-year suspension of the collection of business tax on itinerant motion picture/television producers (not having a fixed business location in Culver City).  The suspension is set to expire in February 2016 without further City Council action.  The purpose of the suspension was to establish the importance of the film and production industry in Culver City’s local economy and to allow the City Council to discuss possibilities for a business tax structure that would be more favorable to production companies and would also spur more activity at our local studios, thereby stimulating our local economy. 

 

 

DISCUSSION

 

At its regular meeting of September 28, 2015, the City Council considered this matter.  After discussions with staff and input from the public, the City Council reached consensus to extend the suspension for an additional period of 10 years.  The proposed Resolution would extend the expiration of the current suspension from February 8, 2016 to February 8, 2026.  The suspension can be further extended or rescinded at any time by future City Council action. 

 

 

FISCAL ANALYSIS

 

Extension of the suspension of business tax for itinerant motion picture/television producers would result in loss of business taxes, though not significant.  Alternatively, higher utilization of media production facilities would lead to modest additional business taxes, and more local spending could also provide additional stimulus to our local economy.  To quantify these factors is extremely difficult and would rely upon voluntary reporting of information from local media production facilities. 

 

 

ATTACHMENTS

 

Proposed Resolution.

 

 

RECOMMENDED MOTIONS

 

That the City Council:

 

Adopt a resolution extending the suspension of the collection of business tax for itinerant motion picture/television producers for an additional 10 years (to February 8, 2026).