Prop. 15: Everything you need to know about California business tax overhaul

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Proposition 15 would loosen tax limits on commercial and industrial properties and spend the resulting revenues on local governments and schools.

change would mostly affect large corporations, removing the low-tax protections provided by Proposition 13 in 1978 while shielding California’s entrepreneurs and farmers.Proposition 15 to be a tight race. A poll by UC Berkeley’s Institute of Governmental Studies last week found support for Proposition 15 at 49% of likely voters — as it was in September. The level of opposition, however, rose to 42%. Fewer than 1 in 10 voters in the poll, which was conducted between Oct.

16 and 21, were undecided. The Berkeley poll found evidence that a key accusation made by Proposition 15 opponents has gained traction with voters — namely, that the measure is a first step toward eventually rescinding Proposition 13’s homeowner property tax limits. The proposed constitutional amendment explicitly states it would not change residential property tax rules. But 56% of likely voters either somewhat or strongly agreed those changes could be on the horizon.

 

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I’ll never vote for anything backed by teachers’ unions.

Vote NO on anything that increases taxes.

Hopefully you all mentioned that these large landlords Ca thinks it's making pay for this..is ACTUALLY passing the hikes onto the small businesses in their leases that haven't folded yet. I already got my letter telling me about my increase 20fold 😡

horrible

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