HomeMy WebLinkAboutRESOLUTIONS - 01011969 - 69-547 IN THE BOARD OF SUPERVISORS
OF
CONTRA. COSTA COUNTY, STATE OF CALIFORNIA
In the Matter of Opposition to )
Change in Tax-Exempt Status of ) RESOLUTION No. 69/547
Municipal. Bonds . )
WHEREAS this Board on May 13, 1969 adapted Resolution No. 69/322
vigorously opposing any legislation which would result in an imposi-
tion of federal tax on the income from tax-exempt municipal bonds and
urging its congressional representatives to support the position of
the Beard in this matter; and
WHEREAS this Board is advised that legislation affecting the
tax-exempt status of municipal securities has been adapted by the
House of Representatives in its tax reform bill (H.R. 13270) ; and
WHEREAS in the opinion of this Board any change in the present
tax.-exempt status of municipal bands would have catastrophic conse-
quences on the economy of all local governments throughout the
United States , includi