Recently, NAIOP Silicon Valley reported that the City of Sunnyvale was considering a tax. Below, NAIOPSV provides a play-by-play of council action, and what to expect next.
The First Vote.
The City of Sunnyvale Councilmembers voted 3-3 to place the measure on the ballot with Vice Mayor Cisneros absent.
The motion failed and thereby the City Council
City of Santa Clara Voted to Raise Taxes at a Reduced Rate
The City of Santa Clara voted to place a head count tax measure on the November ballot. After more than 3 hours of discussions, on July 12 Council voted 5-2 (Mayor Gillmor and CM Watanabe dissenting) to place a flat $45 per employee head
Palo Alto council members voted 6-1 during a special meeting on Wednesday August 10th only two days before the deadline to place a 7.5 cent tax per square foot of office space for all non-exempt businesses above 10,000 square feet. The tax measure includes an annual cap of $500,000 annually, and a flat 2.5%
The California State Legislature is now on recess and there is big news about the Warehouse Bill – AB 2840 (Reyes), which stalled in the Assembly Governance and Finance Committee last week. Below is a statement from Matthew Hargrove, President and CEO of California Business and Properties Association.
NAIOP Silicon Valley reported last week that taxes are on the table with the City of Santa Clara and their interest to increase its business tax. The last time Santa Clara’s business license tax was updated was 1992.
The proposal is as follows: a Business License Tax increase to $75, increasing incrementally between $15 to $135