81-6529R„,. ~.,
RESOLUTION NO. 6529
RESOLUTION RELATING TO TAX STATUS OF
RICHFIELD POLICE AND FIRE RELIEF
ASSOCIATIONS
WHEREAS, the Internal Revenue Service has .issued Revenue
Ruling 81-58 that appears to remove the exemption on earnings
of police and fire relief associations from federal taxation, and
WHEREAS, the effect of this ruling could result in the more
than doubling of the city's annual contribution to the police and
fire pension funds, and
WHEREAS, the effect of this ruling would result in a trem-
endous burden on all taxpayers in the City of Richfield.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the
City of Richfield urges its United States Senators, Boschwitz and
Durenberger, and Representative Frenzel to work closely with our
police and fire relief associations to obtain an extension of the
effective date of Revenue Ruling. 81-58 by one year, and
BE IT ALSO RESOLVED that the City Council of the City of
Richfield supports the immediate passage of legislation correcting
the exemption problem by creating an exemption similar to that
which teachers have under IRC 501(C)(11).
Passed by the City Council of the City of Richfield this 9th
day of November, 1981.
ATTEST:
Syly' K. Bergh Cit C erk
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