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Prop 5 tax change tests California Legislature power
California voters face Prop 5 a far reaching tax revision that would let a bare majority in the Legislature change business taxes and cut insurance home office deductions. CTA warns higher nondeductible costs could raise prices while opponents push for a two thirds vote to protect revenue. Other measures propose tax breaks for historic property and new public parks funding from highway land.
MENTIONED IN THIS ARTICLE
California
CTA
Kirk West
Gov. Brown
Senate
A. Alan Post
John Dunlap
Napa
Joseph Montoya
D-La Puente
Tuink
Corporation
The
Tax Association
West
Brow
Brown
David A. Roberts
Los Angeles
Alan Steroty
Beverly Hills
Analyst Post