property tax increase Archives

Proposed ‘Excise Tax’ Intentional Effort to Subvert the Will of California Voters?

February 22, 2021 4:42 pmFebruary 23, 2021 8:06 am

One of the newly proposed bills is Assembly Bill 1199 by Assemblyman Mike Gipson (D-Carson), to impose an annual excise tax for the privilege of renting or leasing out qualified property, as the Globe reported Friday. Our first reaction was this...

Excise Tax on CA Property Owners for Renting or Leasing Property in New Bill

February 19, 2021 6:54 amFebruary 19, 2021 6:56 am

On February 18, Assemblyman Mike Gipson (D-Carson) introduced Assembly Bill 1199, to impose an annual excise tax for the privilege of renting or leasing out qualified property. The bill would add Article 8 (commencing with Section 12280) to Chapter 3 of...

Petition To Increase Property Taxes For Commercial And Industrial Property Underway In California

October 30, 2019 6:04 amOctober 30, 2019 6:08 am

Signature gathering began Sunday for a proposition that would increase taxes for commercial and industrial properties in California. Currently state law follows the language of Proposition 13, a 1978 law that can only raise the value of a property by...