Los Angeles
City Council
Agenda Item 31
(31)\n25-1474\nBUDGET AND FINANCE COMMITTEE REPORT relative to the\nfeasibility and fiscal impact of raising the small business exemption\nthreshold, and business tax practices of other cities.\nRecommendation for Council action, pursuant to Motion (Rodriguez -\nBlumenfield):\nINSTRUCT the Office of Finance, with the assistance from the City\nAdministrative Officer (CAO) and Chief Legislative Analyst (CLA), to\nreport to Council on the following:\na. The feasibility and fiscal impact of raising the small business\nexemption threshold.\nb. The practices of other cities in regards to business tax.\nFiscal Impact Statement: Neither the CAO nor the CLA has completed\na financial analysis of this report.