HomeMy WebLinkAboutMINUTES - 06021992 - 1.57 1 . 57
TO: BOARD OF SUPERVISORS 6E
Contra
FROM: Phil Batchelor, County Administrator -- Costa
�•:� �.
DATE:
May 28, 1992 County q `.°`.'r
SUBJECT:
LEGISLATION: ' SB 1839 (Petrie)
SPECIFIC REOUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
Adopt a position in SUPPORT of SB 1839 by Senator Petris which
would provide a tax credit for a taxpayer who replaces a nonfire
rated roof with a fire rated roof on a residential property and
which would provide for a charitable contribution tax deduction for
the 1992 tax year for specified contributions made in support of
providing assistance or disaster relief in connection with the
Oakland Fire of October 20, 1991 .
BACKGROUND:
In an effort. to mitigate the financial losses from the Oakland Fire
of October 1991, Senator Petris has introduced SB 1839, which, as
amended April 20, 1992; would do all of the following:
1 . Allow as a tax credit under the personal income tax law a 15%
deduction against the cost paid or incurred during the taxable
year to replace a nonfire rated roof as defined by the State
Fire Marshal with a fire rated roof on a residential building,
providing that local building codes do not already require
that a residential building be roofed with a fire rated roof .
2 . Allow a deduction as a charitable contribution for taxpayers
who do not otherwise itemize their deductions if the
contribution is made for the purpose of providing assistance
or disaster relief in connection with the Oakland Fire,
providing that the contribution is made between October 20,
1991 and December '31, 1992 .
CONTINUED ON ATTACHMENT: X YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON jUne 2y 1999 APPROVED AS RECOMMENDED x OTHER
VOTE OF SUPERVISORS
Y 1 HEREBY CERTIFY THAT THIS IS A TRUE
UNANIMOUS(ABSENT ) AND CORRECT COPY OF AN ACTION TAKEN
AYES: _NOES: AND ENTERED ON THE MINUTES OF THE BOARD
ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE SHOWN.
CC: County Administrator ATTESTED �- �+
Chief, Contra Costa County PHIL BATdVELOR.CLERK OF THE BOARD OF
Fire Protection District SUPERVISORS AND COUNTY ADMINISTRATOR
Director of Building Inspection
Les Spahnn, SRJ. Jackson, Barish & Associates
M382 (10/88) BY v + ,U-•:
-2-
3 . Allow a corporate tax deduction of 5% of a contribution made
for the purpose of providing assistance or disaster relief in
connection with the Oakland Fire, providing that the
contribution is made between October 20, 1991 and December 31,
1992 .
In view of the devastation caused by the Oakland Fire, it appears
appropriate to support efforts to provide tax incentives for
individuals or corporations who made contributions to assist those
who suffered losses during the fire as well as to provide a tax
deduction for a portion of the cost of installing a fire rated roof
where one is not otherwise required at this time.
SB 1839 passed the Senate Revenue & Taxation Committee on May 18,
1992 by a vote of 6 : 0 and was scheduled for a hearing in the Senate
Appropriations Committee on May 27, 1992 .