Rebuild California By Making The Commercial Property Tax Code Fair

RESOLUTION 15-05.14

Rebuild California By Making The Commercial Property Tax Code Fair

WHEREAS, since the Great Recession in 2008, California has experienced over $20 billion in cuts to education, infrastructure and essential services such as support for seniors and the very poor; and

WHEREAS, since the implementation of Proposition 13 in 1978, many large corporations and wealthy commercial property owners have exploited a series of loopholes in the law to avoid reassessment of commercial properties to market levels, such that this has resulted in the chronic underfunding of basic services for communities all across California and transferred the burden of funding basic services onto individual taxpayers and new businesses; and

WHEREAS, we all agree that existing protections for homeowners, renters and family farms should remain in place but that reform to the commercial tax code would make the system fairer;

THEREFORE BE IT RESOLVED, that the California Democratic Party shall support permanent measures to bring equity to California’s commercial property tax code by reassessing commercial property at its current market rate and investing the proceeds in California’s communities, schools and small business tax relief, stop the unfair exploitation of loopholes applicable to commercial property under Prop. 13, and support new accountability measures to ensure funds are distributed transparently and appropriately.

 

Sponsored by CTA, CFT, SEIU, AFSCME and 25 DSCC delegates.

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Adopted by the California Democratic Party
At its May 2015 State Convention
Anaheim Convention Center
May 17, 2015

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