|
|
Article: Beverly Hills voters mull bigger bite of business: March approval of Measure P could boost levies by $7 million a year.(TAXES)
- Article from:
- Los Angeles Business Journal
- Article date:
- January 26, 2009
- Author:
CopyrightCOPYRIGHT 2009 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Businesses in Beverly Hills could face tax hikes totaling up to $7 million a year if voters in that city approve a business tax overhaul on the March 3 ballot.
Measure P, which the City Council placed on the ballot in the fall, would impose new taxes on private parking lots and garages. It would also increase taxes on oil companies drilling under the city, and sharply increase business license taxes paid by lawyers, doctors and other professionals.
The measure, which would take effect in 2010, would generate between $5 million and $7 million a year in additional revenues for Beverly Hills' general fund, which like most cities has come under increasing ...