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
To deter yet another Silicon Valley City Tax, NAIOP Silicon Valley urges all members to call or email the Council Members of the City of Sunnyvale to discourage yet another tax without proper outreach with commercial property owners. The City Council of Sunnyvale sponsored a study issue to explore a 2022 General Election ballot measure to modify
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. On Tuesday night, a decision was made. The City of Santa Clara voted to place
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
AB 2840 (Reyes) the bill that would create a de facto ban on most new warehouse projects passed Assembly Appropriations Committee on Wednesday, May 11th, with a partisan vote and will be heading to the Assembly Floor.