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• <br /> Mum, <br /> ATM Anderson.Simpson.Wm..Clipson.Campholl. <br /> Oversovet <br /> NAYS: None <br /> NFAlt!Ns••WM11.11111 97,76 IPUNC/1 <br /> BOn11135/1,11.1,13S1 <br /> P!RI IC <br /> President Andmm opened a public homing regaMing Cowen Bill No.9712-76. <br /> taxation of punch bawds and pullstab activity at cornmertial establislmnams. <br /> Everen-bosed members of lie Wasbington Male gamins industry have tope* <br /> the city to revise Me assent metbad of taxation on commercial establishment <br /> punch boards and pull•tabs.fiont a rmf on gross mceiPss s tos nu"mf refeiP, <br /> Inet receipts ere defined as gross tereims leas cosh or mercbaruli•s pd.',paid <br /> Budget emd COronlittee. <br /> Moved by Counellasember Gipson.seconded by Counelbeember Pope to <br /> efoue the public bear*, <br /> Bill CluM1man.Budget Direvtor. WM,inCe 1974 as.6•0 <br /> lax,.The issue today is so consider whether to change Me base of 411.to <br /> mother amount.For commercial operavars if Me um is Ito.on.e gross <br /> amount Mom can.0.596 If it is Nosed on Me net amount then Me ins can. <br /> 6s10%.1914Cr.,1947*2S1.4 Leufdaruse made a decision to tax neo•pmfn <br /> organisations on tbeir net amount. <br /> 11678468i16446.8 quenioned and discussed AU imput•clunse would MVO <br /> c.c.',revenue.Mr.Cusbmen pesented man.amlysis a Me sonblins <br /> toses using various pacentages for figuring Me taxes Adoption of this ortlinence <br /> %ill result in a loss of mums..forts..amount of 513,160 for 199.. <br />