Truth wins in Superior Court, Proposition 15 ballot language deemed true and impartial
The Yes on 15 campaign issued the following statement regarding the tentative denial ruling by the Hon. Laurie M. Earl of the Superior Court of Sacramento on the Howard Jarvis Taxpayers Association lawsuit challenging Proposition 15’s ballot language:
“Opponents of Prop. 15 have wrongly complained about the title and summary for weeks. Judge Earl’s ruling makes clear that their gripes are unfounded. Prop. 15 will close corporate property tax loopholes to generate nearly $12 billion every year for schools and local communities, period – no amount of spin or deception can change that.” – Alex Stack, Yes on 15 Communications Director
Prop. 15 will close corporate property tax loopholes to generate nearly $12 billion every year for schools and local communities, while exempting homeowners and renters, small businesses, and agricultural land from higher property taxes; cutting taxes for small businesses; and maintaining the 1% property tax cap across the board. According to a recent analysis of Prop. 15, only 10% of the biggest, most expensive commercial and industrial properties would generate 92% of the revenue.