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HomeMy WebLinkAbout208 - Ordinances ORDINANCE NO. 208 AN ORDINANCE OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA AMENDING SUBSECTION A5 OF SECTION 5.04.290 OF THE RANCHO CUCAMONGA MUNICIPAL CODE TO CLARIFY THE MEANING OF GROSS RECEIPTS OF REAL ESTATE BROKERS FOR THE PURPOSES OF BUSINESS LICENSE TAXES The City Council of the City of Rancho Cucamonga, California, does ordain as follows: SECTION 1: Subsection A5 of Section 5.04.290 of the Rancho Cucamonga Municipal Code is hereby amended to read as follows: 5. In the case of real estate brokers maintaining an office within the city, all real estate commissions will be included when reporting the gross receipts of the business except such portion of gross receipts reflecting sales made of real property out of the city where the outside sales are required to be reported and business license paid thereon to another community. In the case of real estate brokers maintaining an office within the city, gross receipts shall not be reduced because of any compensation paid, directly or indirectly, to a real estate sales person licensed under such broker. In the case of real estate brokers not maintaining an office within the city only real estate salesmen's commissions from sales of real property within the city shall be reported as gross receipts. and in all other respects, Section 5.04.290 of the Rancho Cucamonga Municipal Code shall remain the same. SECTION 2: Section 1 of this Ordinance shall become effective on the thirtieth day following the adoption of this Ordinance, or on January 1, 1984, whichever is later. SECTION 3: The Mayor shall sign this Ordinance and the City Clerk shall attest to the same, and the City Clerk shall cause the same to be published within fifteen (15) days after its passage, at least once in The Daily Report, a newspaper of general circulation, published in the City of Ontario, California, and circulated in the City of Rancho Cucamonga. PASSED, APPROVED, and ADOPTED this 21st day of September, 1983. AYES: Dahl, Buquet, Frost, Mikels NOES: None ABSENT: Schlosser //Jo~/D~Mikels, Mayor ATTEST: