California Passes Bill to Ban City Tax Deals Like Apple’s (1)

Laura Mohoney, Bloomberg 
 
A bill to ban California cities from giving a portion of their sales-tax revenue to companies like Apple Inc. and Best Buy Co., to entice them to locate in their boundaries, is on its way to Gov. Gavin Newsom.
 
S.B. 531 by Sen. Steve Glazer (D) passed the Assembly 43-16 Sept. 5, six days after members voted it down with a 35-21 vote. Eleven Democrats who didn’t cast votes Aug. 30 voted in favor on the second try.

Tax Breaks Like Apple’s Live On as Proposed California Ban Fails

California lawmakers rejected a bill to ban incentive deals like the one that has paid Apple Inc. $70 million in local sales taxes collected by its hometown of Cupertino, Calif. over the past two decades.

S.B. 531 by Sen. Steve Glazer (D) failed with a 35-21 vote on the Assembly floor Aug. 30. It needed a majority of 41 votes to pass and head to the desk of Gov. Gavin Newsom (D).

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