NUMB:
980424
VERS:
ORIGINAL
XXBY:
THE CHAIR
TITL:
Resolution to cancel personal property taxes levied against Impel, Inc. dba The Pavilion Restaurant, 910 E. Michigan Street, for the year 1996, plus interest applicable to date of repayment, if appropriate. (Assessor's Office)
ANLS:
- Analysis -
This resolution requires the cancellation of erroneous taxes because of a decrease in assessment by the Board of Review, the issuance of a check to the City Treasurer or taxpayer as applicable, and the proper reduction of State Tax Credits by journal entries.
BODY:
Whereas, An assessment in the amount of $1,285,310 was made against the personal property of Impel, Inc., Account No. 9527-7019, on the 1996 assessment roll, resulting in a net total tax of $37,831.81; and
Whereas, The Board of Review has decreased this assessment to $647,100, resulting in a revised net total of $19,046.75; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, That the personal property tax levied against Impel, Inc., Account No. 9527-7019, for the year 1996, be partially canceled in the net amount of $18,785.06 (City portion: $14,285.05 - County portion: $4,500.01), and that the proper city officers are authorized and directed to issue a city check in the amount of $18,785.06, payable to the City Treasurer or taxpayer as applicable, to be refunded to the taxpayer where appropriate, plus interest at the rate of 9.6% applicable from date of payment to date of repayment, said amount to be charged to the Remission of Taxes Fund, Special Purpose Account No. 01-086-8001, and said check to be delivered to the Tax Billing & Collection Division of the Treasurer's Office for disbursement; and, be it
Further Resolved, That the proper city officers are authorized and directed to reflect the reduction in State Tax Credits as follows:
Section 79.10 (2) $1,571.28 (City: $1,194.73 County: 376.55)
by means of journal entries, charging the R...
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