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HomeMy WebLinkAboutMINUTES - 12011987 - 1.67 TO: Board of Supervisors FROM: Sara Hoffman, Energy Coordinator DATE: November 24, 1987 SUBJECT: Support HR 3250 Specific Request(s) or Recommendations(s) & Background & Justification RECOMMENDATION Authorize Chair to sign letters of support for HR 3250 (Repeal of Section 824 of the Tax Reform Act of 1986) to the County' s legislative delegation and members of the House Ways and Means Committee. FINANCIAL IMPACT None REASONS FOR RECOMMENDATION/BACKGROUND On November 10, 1987, the Board referred to the County Administrator a letter from the Board of Supervisors of Kern County requesting that Contra ,Costa County join them in supporting passage of HR 3250 to repeal Section 824 of the Tax Reform Act of 1986 . Section' 824 requires utilities to pay Federal taxes on contribution in aid of construction (CIAC) . CIAO are payments made to a utility by a developer or utility customer for additions to the utility system, for example, installation of an electric utility line from the street to a new home. As may be expected, the utility company passes its tax burden onto the developer or customer. Section 824 also has a negative impact on the availability of residential time-of-use rates, a program which the Board of Supervisors has actively supported over the past five years . To increase PGandE' s availability of capital and so expand the program at a faster rate, PGandE will be offering customers the. option of prepaying their time-of-use meter charge. Section 824 will increase the cost of meter from approximately $180 to $240. Some families may not be able to afford the inflated price. HR 3250 would reestablish the taxing regulation in place prior to adoption of Section 824. Continued on attachment: yes Signature: c� Recommendation of Re-commendati of County Administrator Board Committee Approve Other: Signature(s) : Action of Board on: Approved as Recommended Other Vote of Supervisors I HEREBY CERTIFY THAT THIS IS A TRUE z_ AND CORRECT COPY OF AN ACTION TAKEN X Unanimous (Absent ) AND ENTERED ON THE MINUTES OF THE Ayes: Noes: BOARD OF SUPERVISORS ON DATE SHOWN. Absent: Abstain: -- Attested Orig.. Div. : CAO(Energy) Phil Batchelor �- cc: Clerk of the Board of Supervisors and County Administrator hr3250.bo By /`1 �1��.8 DEPUTY SH:eh