Proposition 17 amends Proposition 103 (1988) that authorizes the use of an additional discount on premiums for automobile insurance policies. Proposition 17 would allow an insurer to offer a “continuous coverage” discount to new customers who have maintained their coverage while they previously were customers of another insurer. The Redondo Beach Chamber understands that many states already mandates this ability for consumers to maintain their discount if they switch insurance carriers. Also, most insurance companies in California already afford this ability to consumers. The Chamber feels it is reasonable to place this ability in state law to protect businesses and consumers from ever losing this ability.

December 1, 2009

Help Protect Vital Local Services!

The State continues to borrow money from city, county, transportation, redevelopment and special districts funds in order to balance the budget. With a reported shortfall of $20 billion and more, the State is poised to borrow once again these much needed funds for local operations such as police and fire, transportation projects that are already in the works and other vital services in our city.

The Chamber is proud to announce that it is an early supporter of an upcoming ballot measure that aims to prohibit the State from taking and borrowing our local funds. The Local Taxpayer, Public Safety and Transportation Protection Act, which is scheduled for the November 2010 statewide ballot, would do the following:

• Prohibit the State from taking, borrowing or redirecting local taxpayer funds dedicated to public safety, emergency response and other vital local government services.

• Protects vital, dedicated transportation and public transit funds from state raids.

• Protects local taxpayers by keeping more of our local tax dollars local where there’s more accountability to voters, and by ensuring once and for all that our gas taxes go to fund road improvements.

As more information on the 2010 ballot measures become available, the Chamber will continue to release more information on each measure and the Chamber’s position in order to help serve the Redondo Beach business community during election time.
 

December 1, 2009

Chamber Prepares for 2010 Ballot Measures
 

In the coming months the Redondo Beach Chamber of Commerce & Visitors Bureau will begin reviewing and taking positions on the many initiatives expected in 2010. Many of the measures aim to impact business in one form or another. The Chamber, through its hard working and dedicated members of the Government Relations Committee, will spend time on each issue that may impact the Redondo Beach business community and release a formal position.

“We are looking forward to a very busy year of ballot measures,” stated Marna Smeltzer, President and CEO of the Redondo Beach Chamber of Commerce & Visitors Bureau. “We want to make sure the Redondo Beach business community will be protected and will review thoroughly each measure as the elections draw near,” continued Smeltzer.

The following is only the beginning of the over 20 expected ballot measures for 2010.

Repeal Corporate Tax Loopholes Act

This measure would repeal recently-enacted tax benefits, the elective single sales factor, net operating loss (NOL) carryback, and tax credit sharing. It would additionally repeal the recently-enacted expansion of the net operating loss carryover from 10 to 20 years. 

The Local Voter Control and Government Accountability Act

Removes Proposition 13 protections from property owners and imposes a “split roll” tax treatment for commercial properties. If enacted, this measure would remove the one percent cap for property taxes for the purpose of raising funds to serve and repay General Obligation bonds for public infrastructure. Additionally, the measure would reduce the two-thirds vote requirement for all special taxes to 55 percent, including parcel taxes (based upon per parcel rather than based upon value).

Protect Homeowners and Close Corporate Tax Loopholes Act

Imposes a split roll tax treatment for commercial property and requires all non-residential commercial properties to be immediately reassessed according to “full cash value,” without regard to whether change of ownership has occurred. It also requires reassessment at current fair market value at least every three years. 

Education and Taxpayer Fairness Act

Imposes a split roll tax treatment and increases taxes on commercial properties. The measure would increase the one percent tax rate for “non-residential” properties to 1.55 percent in order to fund education. 

“Corporate Taxes” Initiative

The “Corporate Taxes” initiative proposes to repeal several changes in the law that were adopted as part of the two most recent budget packages enacted by the state, in fall 2008 and February 2009: 1) net operating loss carryback; 2) tax credit sharing; and 3) elective single sales factor.

Sinclair Fix Initiative

Reduces burdensome tax-like fees on businesses by reversing the overly-broad, vague definition of “fee” set forth in the landmark California Supreme court case Sinclair Paint v. State Board of Equalization. 

Local Taxpayer, Public Safety and Transportation Act

This measure would prohibit the State from taking, borrowing or redirecting local taxpayer funds dedicated to public safety, emergency response and other vital local government services. Furthermore, the act would protect vital, dedicated transportation and public transit funds from state raids.

Click here to contact the Redondo Beach Chamber for more information

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