Adoption of Resolution Suspending the Collection of Business Taxes for Itinerant Motion Picture/Television Producers for a Period of Five Years. City of Culver City California Agenda Item Report Item Number: C 6 Meeting Date: 02/07/11 CITY COUNCIL AGENDA ITEM: Adoption of Resolution Suspending the Collection of Business Taxes for Itinerant Motion Picture/Television Producers for a Period of Five Years Contact Person/Dept.: Jeff S. Muir/Finance Fiscal Impact: Yes X No General Fund: Yes X No Phone Number: 310/253 5865 Public Hearing: Action Item: Attachments: X Commission Action Required: Yes No X Date: _______________ Public Notification: (E Mail) Meetings and Agendas City Council (02/02/11) (E Mail) Culver City Chamber of Commerce (E Mail) Sony Corporation (E Mail) Culver Studios (E Mail) GMT Studios (E Mail) Motion Picture Association of America (02/02/11) Department Approval: Jeff Muir (02/01/11) Chief Financial Officer Approval: Jeff Muir (02/01/11) City Attorney Approval: Carol Schwab (by H. Baker) (02/01/11) City Manager Approval: John M. Nachbar (02/02/11) RECOMMENDATION: Staff recommends that the City Council adopt a resolution suspending the collection of business taxes for itinerant motion picture and television producers for a period of five years. BACKGROUND: On January 24 2011 for a second time the City Council considered an agenda item discussing the City s current business tax policy as it relates to production companies. The purpose of this item was to establish the importance of the film and production industry in Culver City s local economy and to provide an opportunity for 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: The City Council unanimously agreed to direct staff to bring back a proposed resolution that will suspend the payment of business taxes for non Culver C...
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