Expect heavy large business lobbying against this proposed ballot measure in Upland. Because if they have to pay a debilitating $865 in fees, they’ll shutter their business and join Elon and Chevron in Texas.
According to the Daily Bulletin:
“Under the existing system, each $20,000 a business makes is taxed in $54 increments. Businesses reach the $864 cap when they have roughly $320,000 in gross sales….
“If approved by voters, the Nov. 5 measure would mean businesses would pay $50 for every $100,000 they generate in revenue….Meanwhile, the measure would increase the cap on business license taxes to $29,500.”
For the record, Bredemarket is based in Ontario, and I’m glad I’m not subject to Upland’s current licensing fees.
Much more detail:
Bredemarket 