Thursday, June 18, 2015

Capitol Report: ‘Job Killer’ Undermines Prop. 13 Protections, Would Raise Costs for Small Businesses



A recently amended “job killer,” SCA 5 (Hancock; D-Berkeley)/Mitchell; D-Los Angeles), now seeks to undermine the protections of Proposition 13 by unfairly targeting commercial and industrial property owners and increasing their property taxes by assessing their property based upon current fair market value instead of acquired value.

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