A split roll threat has once again resurfaced in the California Legislature. Please find information below to help BOMA stave-off this bad idea.
AB 2492 (Ammiano) proposes dramatic changes to our property tax system which would have the effect of targeting commercial properties for removal of Proposition 13 protections and enacting a 'split roll' property tax. Such a split roll tax is intended by advocates to increase property taxes on corporations. The bill is set for hearing on May 10, 2010 in Assembly Revenue and Taxation Committee. Although it requires a two-thirds vote of the Legislature, in committee, it only needs a simple majority vote, so we need your help to stop the bill in committee.
Click here for information and resources to help us defeat this split roll measure including a sample letter to send to the Assembly Revenue and Taxation Committee Chair. Please send this letter TODAY! With government at both the state and local levels searching for ways to balance their budgets, increasing revenues is at the top of their list of favored ideas, not reducing the size and cost of government. That’s why it’s important for BOMA San Francisco members to stand firmly against any encroachments on the protections that Prop. 13 has afforded all property owners in California, and the valuable stability it has brought to our industry.
If you have any questions about the bill, its potential impacts, or efforts to defeat it, please contact Mathew Hargrove with BOMA California at mhargrove@cbpa.com,.
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