‘Job Tax’ Heads to San Diego City Council
The San Diego City Council will consider a proposal that will ultimately double the affordable housing linkage fee it charges commercial and retail construction projects. The linkage fee is charged on a square foot basis and can amount to hundreds of thousands of dollars depending on the project size.
A broad coalition – including the BIA – strongly oppose the fee increase and consider it tantamount to a job tax because it penalizes job creating businesses and companies willing to expand operations in San Diego. No other city in San Diego County charges this fee. With home prices at historic lows and unemployment at record highs the logic behind the proposal by Councilman Todd Gloria escapes many in the business community.
As proposed, the fee increase would be phased in over 5 years beginning in 2014. The hearing is scheduled for July 11th. The BIA is urging its members to contact the San Diego City Council to oppose the job tax.
This entry was posted on Thursday, June 30th, 2011 at 11:29 am and is filed under Government Issues. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.