Would Have Increased Business, Consumer Costs
An opposition effort headed by the California Chamber of Commerce has killed a legislative proposal that would have allowed school districts to create a split roll at the local level with regard to parcel taxes.
SB 1021 (Wolk; D-Davis), identified by the CalChamber as a “job killer,” sought to allow a school district to impose a parcel tax on property used for commercial purposes as opposed to residential properties.
“The Assembly Revenue and Taxation Committee did the right thing by rejecting an unfair, discriminatory split roll bill that would have raised rents and costs for all businesses, especially small businesses,” said CalChamber President and CEO Allan Zaremberg. “The committee turned back an assault on California’s historic commitment to uniformity and fairness in property taxation.”
“Policy makers understood the flaws in this proposal and its potential to kill jobs,” said CalChamber Policy Advocate Jennifer Barrera. “The increased costs faced by commercial property owners under SB 1021 would have been passed along to consumers or resulted in hiring reductions or cuts to benefits for workers in local communities.”
Similarly, the bill would have allowed a school district to impose a parcel tax solely on properties that exceed a certain …read more
Source: Fullerton Chamber of Commerce