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Police arrest a suspect in her death. A woman believed to be behind the plot nabbed in mexico. This is days after listed as the most wanted. And spacex success. Part of the rocket headed to the International Space station and the rocket lands on the platform in the middle of the ocean. The first after several failed missions. Thing fifth times the charm, today, saturday, april 9th, 2016. Announcer this is today on the plaza. Did you see that . They have on coats. Big coats. Its cold in the east....

Into four tiers theres a zero to one million and its exempt and 2 had the to million and above. So businesses will be taxed at the progressive tier so if youre a business that has 3 million in revenue your first million is not taxes your million to 2. 5 million is talked at the 2 to 2. 5 million taxable followup u amount eaten the last 500,000 will be taxed. So heres an example i mean chris has provided a good example so one million will be taxed . One million taxed the 1 tier rate did i misquot...

Payroll there will be a new business fee and then two 15 the set Business Register fee will be under two schedules so businesses in schedule one yes. I have is question. Is there any you type of outreach thats going to be done there will be and at this time, the Controllers Office is working on are developing plans for this and our outreach will happen after we go after june or july of 2013 because theyre still developing things like the tax credits and how that will be applied. Who you get into...

Complicated one and fin facts but they write articles about this great job. Next item please. Commissioners item 8 discussion on proposition e this is a discussion item so commissioners weve been fielding questions through our office and other business organs of wanting a review about prop e i thought today would be a good time to go over some basics. If theres any concerns, whats ahead because im sure youll be fielding some questions as well. And while there is a good deal of work happening in ...

The whole 2 million is taxable yeah, but its at a different taxable rate. So if you look at that page once you reach over a million that million is a taxable minimum so for schedule one 1. 75 percent of the first million is at the 5 hundred thousand is taxable at the 1 point percent tax rate. Commissioner. What about the businesses that are a combination of the manufacturing and other businesses structure. Right so going back to i think i think this is where we need to work this out. Were not go...

Theres one package of information going out. So the tax and Treasurers Office have additional staffing for that commissioner reeling. So of a Small Business the gross receipt is less than 1 million its exemption. Right the first million is not exemption so if you will look at page 2. The whole 2 million is taxable yeah, but its at a different taxable rate. So if you look at that page once you reach over a million that million is a taxable minimum so for schedule one 1. 75 percent of the first mi...

So the tax and Treasurers Office have additional staffing for that commissioner reeling. So of a Small Business the gross receipt is less than 1 million its exemption. Right the first million is not exemption so if you will look at page 2. The whole 2 million is taxable yeah, but its at a different taxable rate. So if you look at that page once you reach over a million that million is a taxable minimum so for schedule one 1. 75 percent of the first million is at the 5 hundred thousand is taxable...

And other restaurants have entertainment. So, now we have a module of hybrids to be considered. Great thank you so much for that. Thank you. So that was our beginning overview and working on this and we have a year ahead have to start helping businesses transition into this. Thats the key its a year. Is clock is starting to tick now. This is going to be a yearlong educational project. We have the tables set up at flavors if we can get a table but it can start answering some of the questions. And...

Discussion item so commissioners weve been fielding questions through our office and other business organs of wanting a review about prop e i thought today would be a good time to go over some basics. If theres any concerns, whats ahead because im sure youll be fielding some questions as well. And while there is a good deal of work happening in the background like the transition of the different payroll tax incentiv incentives. The tax and Treasures Office is beginning their implementation but t...

Not exemption so if you will look at page 2. The whole 2 million is taxable yeah, but its at a different taxable rate. So if you look at that page once you reach over a million that million is a taxable minimum so for schedule one 1. 75 percent of the first million is at the 5 hundred thousand is taxable at the 1 point percent tax rate. Commissioner. What about the businesses that are a combination of the manufacturing and other businesses structure. Right so going back to i think i think this i...