Case Study: Culver City Revenue Tax

Sonoma County, California (CA) is located in the central part of the state just northwest of the San Francisco/Oakland area. With a population of around 485,000 (81% white), the residents work mainly in the agricultural industry. Sonoma County, California (CA) is the world famous home of the state's popular wine industry that includes the Napa Valley. Many of the county's current issues related to drug abuse and addiction could be attributed to its proximity to the high crime areas of Oakland to the south.

"In 2004, property tax collections in the U.S. exceeded $300 billion. Property taxes are responsible for approximately 72% of all local tax revenues, representing the most important tax revenue source for local governments" (as cited in Shan, 2010, p.195).

The pool cost the petitioner over $19,000, and we cannot accept his contention that such amount was spent primarily for therapy for his leg in view of the limited need for such therapy and the alternatives which were then available.

Parent Corporation owns 85% of the common stock and 100% of the preferred stock of Subsidiary Corporation. The common stock and preferred stock have adjusted bases of $500,000 and $200,000, respectively, to Parent. Subsidiary adopts a plan of liquidation on July 3 of the current year, when its assets have a $1 million FMV. Liabilities on that date amount to $850,000. On November 9, Subsidiary pays off its creditors and distributes $150,000 to Parent with respect to its preferred stock. No cash remain to be aid to Parent with respect to the remaining $50,000 of its liquidation preference for the preferred stock, or with respect to any common stock. In each of Subsidiary’s tax years, less than %10 of its gross

People living in Miami are in the face of danger, and for the most part they are not aware of it. Due to high population, Miami is the fourth largest city to become affected by sea level rise. (Ankum et al.) In the next 32-50 years, sea level is expected to rise by as much as two feet. (Ankum et al.) This two-foot rise will have detrimental effects on the urban settings of Miami. The amount of soil erosion that is undergoing at our beaches will greatly increase if a two-foot rise occurs. At a four-foot rise, road connectivity would begin to become affected. At a six-foot rise, Southern Florida would no longer be habitable as it would, for the most part, be underwater. Not much is being invested in mitigation efforts, most of what is being done are short term solutions. Instead of coming up with ideas to prevent and try to slow down the effects of climate change on our environment, we are focusing on ideas such as building up a sea wall, relocating power plants, and redesigning structures.

The general fund type consists of general revenue and general services. The special revenue fund type consisted of higher education improvement, cultural facilities building, and Clean Ohio Conservation Program. Next, the capital projects fund type consisted of: mental health facilities improvement, parks and recreation improvement, administrative building, and juvenile correctional building. The enterprise fund type consisted of: liquor control, state lottery, and workers’ compensation. Finally, the agency fund type consisted of: agency, accrued leave liability, and volunteer fire fighters’ dependents. The totals for each of the fund types are: general government ($1,015,491 for adjusted appropriations (aa) $875,7998 for total committed appropriations (tca), $139,693 for uncommitted appropriations (ua), and $888,605 for budgetary expenditures (be); total community and economic development fund: $2,042,882 for adjusted (aa), $1,374,832 for total committed, $668,050 for uncommitted, and $1,250,961 for expenditures; total local government support and tax relief fund: $4,110,991 for adjusted, $3,943,201 for total committed, $167,790 for uncommitted, and $3,943,201 for expenditures; capital outlay fund: $1,133,362 for adjusted, $446,471 for total committed, $686,891 for uncommitted,

AmeriSouth argued that cost-segregation study allocates $65,381 of Garden House's depreciable basis to “site preparation and earthwork,” depreciable over 15 years as a land improvement is allowable because it is a “site development,” but nowhere does it describe what work is included in this category. On the other hand, the Commissioner's expert claims that work papers show the expenses relate to the initial clearing and grubbing (i.e., tree removal) of the land which occurred before the apartments' construction in 1970.

In Doucette v. City of Santa Monica, the defendant city enacted a solicitation ordinance, whose purpose was to impose reasonable place and manner limitations on solicitation, in order to protect the general public from abusive solicitations. Doucette, 955 F. Supp. at 1201. The ordinance prohibited “requests made in person seeking an immediate donation of money or other items of value” in areas including bus stops, public transportation vehicles or facilities, public parking lots or structures, outdoor dining areas, and within fifty feet of automated teller machines. Id. Plaintiffs filed suit against the city, alleging that the ordinance violated the First Amendment. Id. at 1198. The city argued that the ordinance "only seek[s] to regulate locations

1. For the Tax year 2004, is SK eligible to switch from the accrual to cash method of accounting under Rev. Proc. 2001-10?

Most of the revenue in the first part of the plan would come from increasing the sales tax to 2% which would generate an estimate $447,000, other revenue would come from raising ambulance fees by 30% generating $46,000, and doubling parking fines from $10 to $20 generating an estimated $30,000.

Taxes created by gentrification are from the influxe in jobs, higher property values and the tourism. These taxes can go towards improving the cities. Things such as new roads or road repairs, neighborhood maintenance and security and more schools for the nearby communities. Tourism brings revenue to a community and as retail stores and restaurants open communities are seeing the direct benefit. When a building renovation takes place, the property value increases, thus, property tax increases.

Riverside County (RC) was first incorporated in 1832, and is currently the fourth most populated county in California, with 2.3 million residents. RC is a diverse area of urban, suburban, and rural communities. Geographically, it stretches over 7,200 square miles, including 26 incorporated cities and 25 school districts. RC is currently divided by two (2) main highways (I-15 and I -10), and two main freeways (R – 91 and R – 60). Because of the continuous population surge, as well as the diversity of terrain, RC face numerous traffic issues.

From 1932 to 1968 the number of Electoral College members from the state of Ohio was a very high twenty-six members. Currently, Ohio only has eighteen members and it’s predicted to fall even further after the 2020 census. People are fleeing from Ohio like it’s the plague, many have been wondering why people are leaving the great Buckeye state, and how to bring people back in. To figure out that question it’s advised to look at the past and see what has changed. One huge thing Ohio has changed over the years is how it treats small businesses, on the 2018 State Business Tax Climate Index Ohio was ranked forty fifth out of fifty of the states. That's insane and would explain why people are leaving and not coming back.

Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. It is the "top line" or "gross income" figure from which costs are subtracted to determine net income. Revenue is calculated by multiplying the price at which goods or services are sold by the number of units or amount sold. (Encyclopedia). The revenue in 2015 came from taxes on, motor vehicle sales and rental, motor tax, fuels tax, Franchise Tax, Insurance taxes, Natural Gas Production tax, Cigarette, Tobacco taxes, Alcoholic Beverages taxes, Oil Production tax, Inheritance taxes, Utility taxes, and Hotel taxes. The total amount of revenue from taxes was $51,683,059,891. The other $57,745,198,411 came Federal income, licenses, fees, permits, fines, interest and investment incomes, net lottery proceeds, sales of good and services. Settlement claims, land income, contribution to employee benefits. Texas already

Commissioner Metzger convened the second public hearing for the 1% permissive sales and use tax.