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Compromise reached on Prop. 13 treatment of business property

Compromise reached on Prop. 13 treatment of business property

Decades of political wrangling over how Proposition 13, the iconic property tax limit passed by voters in 1978, is applied to commercial property reached a climax of sorts Tuesday in a Capitol hearing room. During a hearing of the Assembly Revenue and Taxation Committee, long-warring business groups and tax reformers agreed on modest change of […]