28 of 1969 - A resolution opposing any proposed federal legislation which directly or indirectly impinges upon th pprivn __
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28
t Resolution No.
By E. J. GARN
COMMISSION.
Opposing any proposed federal
legislation which directly or in-
directly impinges upon the tax exempt
status of municipal bonds.
Preseatad to the Board of Commissfonen
AND PASSED
JUN 10 1969
iVitiNesttO ybeg4
Cli'Y RSCORDER
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June 17, 1969
The Honorable C. Beverly Briley
Mayor of Nashville, Tennessee and
President of the National League of Cities
City Building-1612 'K'Street, N.W.
Washington, D. C. 20006
Dear Mr. Briley:
Here is a resolution passed by the Board of Commissioners of
Salt Lake City, Utah, opposing any proposed federal legislation
which directly or indirectly impinges upon the tax exempt status of
municipal bonds,
It is respectfully requested that you give this matter your earnest
consideration.
Respec�tfuulllly, y�
�G 1-' LK V• � d� ili�scJ
Chief Deputy City Reco er
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June 17, 1969
The Honorable Frank E. Moss
United States Senator for Utah
Senate Office Building
Washington, D. C. 20515
Dear Senator Moss:
Here is a resolution passed by the Board of Commissioners of
Salt Lake City, Utah, opposing any proposed federal legislation which
directly or indirectly impinges upon the tax exempt status of
municipal bonds.
It is respectfully requested that you give this matter your earnest
consideration.
espec tfully,
Chief Deputy City Recorder
Enclosure-1
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June 17, 1969
The Honorable Sherman P. Lloyd
United States Representative for Utah
1116 Longworth Building
Washington, D. C. 20515
Dear Representative Lloyd:
Here is a resolution passed by the Board of Commissioners of Salt
Lake City, Utah, opposing any proposed federal legislation which
directly or indirectly impinges upon the tax exempt status of
municipal bonds.
It is respectfully requested that you give this matter your earnest
consideration.
Respectfully,
Chief Deputy City Recorder
Enclosure- 1
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June 17. 1969
The Honorable Laurence J. Burton
United States Representative for Utah
1705 Longworth Building
Washington, D. C. 20515
Dear Representative Burton:
Here is a resolution passed by the Board of Commissioners of Salt
Lake City, Utah, opposing any proposed federal legislation which
directly or indirectly impinges upon the tax exempt status of
municipal bonds.
It is respectfully requested that you give this matter your earnest
consideration.
Respectfully.
v4G.titt�
Chief Deputy City Recorder
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June 17, 1969
The Honorable House Ways and Means Committee
United States House of Representatives
Washington, D. C. 20515
Gentlemen:
Here is a resolution passed by the Board of Commissioners of Salt
Lake Ctty, Utah, opposing any proposed federal legislation which
directly or indirectly impinges upon the tax exempt status of
municipal bonds.
It is respectfully requested that you give this matter your earnest
consideration.
Respectfully,
Chief Deputy City Recorde
Enclosure-1
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June 17, 1969
The Honorable Wallace F. Bennett
United States Senator for Utah
1211 New Senate Office Building
Washington, D. C. 20515
Dear Senator Bennett:
Here is a resolution passed by the Board of Commissioners of Salt
Lake City, Utah, opposing any proposed federal legislation which
directly or indirectly impinges upon the tax exempt status of
municipal bonds.
It is respectfully requested that you give this matter your earnest
consideration.
Respectfully.
/'
Chief Deputy City Record4
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ROLL CALL
June 10 9
VOTING Aye Nay Salt Lake City,Utah, ,196
Barker . '. . .
I move that the Resolution be adopted.
Catmull . . . ✓
Gam . . . . /
Harrison . . . / �Y /
Chairman .Ma /
RESOLUTION
Result . . . .
WHEREAS, the House Ways and Means Committee of the United
States Congress is presently considering legislation which would
tax the interest on municipal bonds; and
WHEREAS, the tax exempt status of such bonds is absolutely
essential in order to preserve the continued ability of cities to
finance capital improvements; and
WHEREAS, local financial resources are presently in critical
need of preservation; and
WHEREAS, the taxing of interest on municipal bonds would
shift the burden of the additional cost for municipal improvements
directly to local property taxpayers; and
WHEREAS, the increase in interest paid through local property
taxes would far exceed the new revenue to be derived by the federal
legislation;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS
OF SALT LAKE CITY, UTAH, that said board is irrevocably opposed to
any proposed federal legislation which directly or indirectly
impinges upon the tax exempt status of municipal bonds.
BE IT FURTHER RESOLVED that a copy of this resolution be
transmitted by the City Recorder to each member of Congress from
the State of Utah and to the House Ways and Means Committee of the
United States House of Representatives.
Pais d by the Board of Commissioners of Salt Lake City, Utah,_
this day of June, 1969.
MAYOR
ATTEST:
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