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1972 – 50 years of service to the commercial industrial retail real estate industry – 2022.


May 6, 2011

Amid a statewide debate over how to balance California’s budget comes SB 653 (Steinberg; D-Sacramento) that would allow for taxes – to be imposed by local authorities. The bill would allow local government (county, city, or even a school district) to impose a number of taxes which currently can only be levied by the state, upon voter approval .

If SB 653 were to go into effect and local governments were able to pass different local personal income tax rates, companies and individuals that operate in multiple jurisdictions would be subject to varying tax rates, and businesses, who would not be able to have a voice at the ballot box, would become the target source of funds for government spending. Click here for more information on this bad idea.

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