California Proposition 15, the Tax on Commercial and Industrial Properties for Education and Local Government Funding Initiative, was on the ballot in California as an initiated constitutional amendment on November 3, 2020. Proposition 15 was defeated.

California Proposition 15 was a failed citizen-initiated proposition on the November 3, 2020, ballot.

What would Proposition 15 do? Hike property taxes on big businesses, raising billions for schools and local governments. Now, owners pay property taxes based on the price they originally paid for that real estate — typically a lot less than what it’s worth today.

2020年9月24日 · On Election Day this year, California voters will vote on Proposition 15, a ballot measure that would create a “split roll” property tax system in the Golden State, increasing taxes on just commercial property by $8 billion to $12.5 billion.

PRO Prop. 15 is a fair and balanced reform that: closes property tax loopholes benefitting wealthy corporations, cuts taxes for small businesses, protects homeowners and renters, requires full transparency and reclaims billions of dollars for schools and local communities.

PROPOSITION 15 CONTINUED 15 investments. By requiring under-assessed large properties to be assessed at fair market value, small businesses can be fully exempted from the property tax on equipment and fxtures and the tax can be substantially reduced for other businesses, removing this disincentive without harm to funding for our

2020年11月3日 · proposition 15 increases funding sources for public schools, community colleges, and local government services by changing tax assessment of commercial and industrial property. initiative constitutional amendment.

2020年11月11日 · Proposition 15, the largest property tax increase in California history, was declared defeated yesterday evening by a margin of more than 550,000 votes. The defeat of Proposition 15 ends an attempt by public employee unions to dismantle major portions of Proposition 13, the most important tax protection measure left in the highest tax state in ...

2020年10月21日 · One of the most consequential choices on the ballot is Proposition 15. If it passes, the measure will change how California properties are taxed by rewriting a decades-old rule that reshaped how...

2020年11月10日 · On Tuesday, the Associated Press projected Proposition 15 had been defeated with 48% of votes in support and 52% opposed — more than 15 million votes have been tallied so far.