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  • MAIN STREET MENACE OF THE WEEK; SB 1021

    Posted: April 14, 2014 | Posted by Crystal Whitfield | No Comments

    Click here to read what the National Federation of Independent Business/California (NFIB) says about the split roll parcel tax measure,

    The op/ed reads, in part, “SB 1021 also hurts every landowner in a potentially big way by effectively disallowing parcel tax deductions on tax returns. IRS and state tax rules require that for any parcel tax to be deductible, it must be levied “at a like rate on owners of all properties.” This means that if a school district taxes commercial property differently than residential, for instance, then no homeowner or business property owner can claim the deduction. It is time that those in the Legislature figured it out – increasing taxes plus adding more mandates equals less job creation by small business.  And fewer jobs aren’t good for local communities – including school districts – and the state as a whole.

     



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