$91 Million Loss to Fresno From Online Tax Plan, Brand Testifies

From GV Wire:

Fresno Mayor Lee Brand is hoping to convince the state legislature not to move forward with a plan to change California’s laws on taxing online retailers.

A proposal by Sen. Steve Glazer (D-Orinda), SCA 20 would alter the point of tax collection for online retailers, from where the product delivery originated (i.e. a distribution center) to the place of delivery (i.e. your home address). The revision would require a change to the state constitution.

Brand decried the tax plan, saying it could cost Fresno more than $91 million over 30 years.

In testimony before the Senate Appropriations Committee, he described investments being made in Fresno made by online retailers like Amazon, Ulta and Gap.

“This basically is a change of shifting money from one area to another; the rich getting richer, the poor getting poorer. The consequences of SCA 20 are devastating,” Brand told the committee.

Read more here


Comments

Top Stories

Tuesday, June 19, 2018 - 06:53

The separation of migrant families at the nation’s southern border has elicited heartbreak and outrage across the nation, prompting statements from human rights organizations, U.S.