TAX SHARING
March 1st, 2002
BY PHILIP FINE
A NEW sales tax-sharing bill to try and curb the inequities of urban sprawl that has passed in the California Senate has angered several national retailers, who fear that they will face additional tax burdens as a result. In the US, sales taxes may be collected and spent locally, with shopping malls in wealthy out-of-town suburbs paying low rates. Bill AB680, would force 18 cities and six counties of metropolitan
Sacramento to share some of their sales taxes regionally, so that extra revenues are raised for neighbouring and poor inner city ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.