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Real Estate

Apr. 22, 2003

Closing Loopholes Could Create Business Disincentives

BY CHRISTINE MALAMANIG CREJ Staff Writer Commercial property owners could be paying higher property taxes if a new bill makes its way through the state Legislature this year.

BY CHRISTINE MALAMANIG
CREJ Staff Writer

Commercial property owners could be paying higher property taxes if a new bill makes its way through the state Legislature this year.

Introduced by State Sen. Martha Escutia, D-Norwalk, SB17 is another attempt to close what are perceived as corporate tax loopholes in California.

The bill, which is set for an initial hearing next Monday, would change the way commercial property is assessed and taxed. U...

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