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HomeMy WebLinkAboutResolution - 88-135 - Resolution in Support of Correcting the Requirement of Taxation of State and Local Government Employee Benefits - CITY OF EDEN PRAIRIE HENNEPIN COUNTY, MINNESOTA RESOLUTION NO. 88- 135 RESOLUTION III SUPPPORT OF CORRECTING THE REQUIREMENT OF TAXATION OF STATE AND LOCAL GOVERNMENT EMPLOYEE BENEFITS WHEREAS, the U. S . Department of Treasury continues in its unilateral quest to tax certain public employee fringe benefits ; and WHEREAS, public workers will be forced to pay annual income taxes on the value of accumulated annual and sick leave, death and disabliity benefits, and severance and compensatory pay for tax year 1988 and beyond ; and WHEREAS, this tax will be paid on benefits which employees have not yet received and may never receive; the taxation of these benefits at accrual instead of when the benefit is actually used by the employee will create additional financial and record keeping burdens on political subdivisions and their employees; and WHEREAS, U. S. Representative Robert Natsui ID-CA) has introduced H.R. 4221 to correct this situation; and WHEREAS, it is the desire of the City Council of the City of Eden Prairie to hold down costs to the public sector, its employees , and taxpayers whenever possible. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Eden Prairie, Minnesota, that members of the U.S. Congress are urged to eliminate the requirement of taxation of state and local government employee benefits by supporting H . R. 4221 or any other similar legislation. PASS AND ADOPTED BY THE EDEN PRAIRIE CITY COUNCIL THIS 5th DAY OF July 1988. Mary D. eter n , , ayor ar J. Jul it onager ATTEST: SEAL o ne, C ity C 1er