Tag: two-thirds vote on taxes
CA Commercial Property Owners Facing Pervasive Tax Increases if Prop. 13 Split Roll Initiative Passes
‘California’s assessable property is now worth $6.5 trillion with just last year’s increase resulting in $75 billion in revenue.’ Despite California’s record budget surplus of $7 billion in reserves, the Proposition 13 “split roll” property tax ballot initiative could...
Different Vote Requirements for California Legislative Actions and Bills
Most Capitol observers are only aware of majority vote and 2/3 majority vote requirements for California legislation. However, there are actually several other categories of vote requirements on bills that come before the Legislature. The following are those categories and...
Job Killers: Business Tax Increases Pending Passage by CA Legislature
Chris Micheli posted a list of pending tax legislation of particular interest to the California business community. These bills are continuing through the legislative process, awaiting passage. Some of these bills are on the Cal Chamber Job Killer list. “These...