1980-07-21 - Resolution 1980-38 - Resolved that the Federal Income Tax Laws provide an incentive to individuals who use mass transit.. RESOLUTION NO. 80- 38
WHEREAS, the residents of Buffalo Grove and the United States
have become dependent on gasoline produced by the purchase of foreign oil ;
and
WHEREAS, the price for foreign oil has steadily increased; and
WHEREAS, this increase in the price of foreign oil has contrib-
uted, in large part, to increasing inflation and shortages of gasoline, and
threatens the American economy; and
WHEREAS, it has generally been accepted that the increasing use
of public transportation as an alternative to private passenger automobile use
will lessen the dangers of inflation, gasoline shortages and threats to the
American economy by more efficient use of gasoline and other energy sources;
and
WHEREAS, it has been accepted that gasoline can be conserved
by the use of more efficient gasoline use per mile of travel ; and
WHEREAS, the present federal income tax laws offer little in-
centive to the use of public transportation as opposed to private passenger
automobile transportation; and
WHEREAS, the present federal income tax laws in fact encourage the
use of private passenger automobile transportation;
NOW, THEREFORE, BE IT RESOLVED by the President and Board of
Trustees of the Village of Buffalo Grove and the Transportation Commission of
the Village of Buffalo Grove, Illinois that:
SECTION 1 . The federal income tax laws provide an incentive
to individuals and industry to convert to and use public transportation
by allowing a full itemized tax deduction for federal income tax pur-
poses on individual , corporate and other federal tax returns for the
actual cost expended by each taxpayer for the cost of public transportation.
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SECTION 2. Reimbursement to employees for the actual cost of
public transportation use be excluded from the individual 's gross
income for federal income tax purposes;
SECTION 3. The necessary adjustments and amendments in the
federal income tax laws be made effective as soon as possible;
SECTION 4. This resolution be presented to the public officials
concerned with the problems, causes and remedies described herein.
AYES: 6 - Marienthal , Stone, O'Reilly, Hartstein, Kavitt, Gerschefske
NAYES: 0 - None
ABSENT: 0 - None
PASSED: July 21 , 1980.
APPROVED: July 21 , 1980.
illage President
ATTEST:
4I14-e-773.- )Z4762;67404
Village Clerk ( 40
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