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HomeMy WebLinkAboutCC RES 81-42RESOLUTION NO. 81-42 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN SUPPORTIG THE ELIMINATION OF THE FEDERAL ESTATE TAX WHEREAS, , the Federal Government should 'not profit by the ceatn its people; aha WHEREAS, the State of California ~io enact legislation Prohibiting inheritance tax on a surviving spouse; and WHEhEAS, there is an initiative being circulate~ in t/ne State o~ California to prohibit all state inheritance tax; and WHEREAS, thle Federal Estate Tax falls heavily on wiOows an~ orph~ms during grievous times; and WHEREAS, inflation has suDjecteo many families to t3~e ·Feoeral Estate Tax that were previously exempted, ~orcing such ~uilies to borrow ~ney to pay the tax at the very instant when their ability to pay such n'~ney is severly restricted; and WI4ERi~S, the nDnies raise~ by the Feoeral Estate Tax ~o·not cover tlqe cost o~ the Federal Government in collecting the sai~ tax; NO%~ %HEREflDRE, BE IT RESOLVED that the City Council of the City o~ Tustin does hereby resolve that the. Fe~erai Estate Tax be. i~e~iateiy 1' eliminata~ and urges the League of California Cities, the National imague of Cities, the Southern California Associati~ of C~Dver~m~ents, Congress ano the President of these UniteG States to at,Dpt this position ar~(] ~'epeal ...... ~ the san'~ forthwith. PASSED AND ADOPTED at a regular meeting of the Tustin City Council held on this 20th day of April, 1981. Mayor A%,fEST - City Cler~ STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS CITY OF TUSTIN ) MARY E. WYNN, City Clerk and ex-officio Clerk of the City Council of the City of Tustin, California, does hereby certify that the whole number of the members of the City Council of the City of Tustin is five; that the above and foregoing Resolution No. 81-42 was duly and regularly introduced, passed and adopted at a regular meeting of the City Council held on the 20th day of April, 1981 by the !98~1· by the following vote:· AYES : COUNCILPERSONS: Sharp, Hoesterey, Edgar, Kennedy, Saltarelli NOES : COUNCILPERSONS: None ABSENT: COUNCILPERSONS: None MARY"' E. WYNN, City ~lerk City of Tustin, California