$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.
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