HomeMy WebLinkAbout1985-26 Opposing the Elimination of the Deduction from Federal Income Taxes for State and Local Taxesy
f
RESOLUTION N0, 26
Series of 1985
A RESOLUTION OPPOSING THE ELIMINATION OF THE DEDUCTION
FROM FEDERAL INCOME TAXES FOR STATE AND LOCAL TAXES
WHEREAS; as a part of the President's tax simplification proposal which has been
submitted to Congress for the streamlining of the federal income tax code, the admini-
stration is recommending the elimination of the deduction far state and local taxes;
and
WHEREAS, the elimination of this deduction will result in a greater burden being
placed upon individuals who pay state and local government taxes; and
WHEREAS, the loss of the deduction for local taxes could make it more difficult
for cities and towns like Vail, Colorado to float revenue or general obligation bonds;
and
WHEREAS, at a time when cuts in federal programs for local governments is extremely
acute, municipa]ities must rely on 7oe~a1 taxes to a greater and greater extent.
NOW, THEREFORE, be it resolved by the Town Council of the Town of Uail as follows:
The Town Council strongly apposes any legislation whatsoever which would reduce or
eliminate the deduction for state and local taxes from the federal income tax code.
Dated this 15th day of October 1985.
Paul R. Jon on, Mayor
ATTEST:
Pamela A. Brandmeyer, Town Clerk