RICHMOND -- During the height of the pandemic in 2020, Richmond voters overwhelmingly approved Measure U, which raised taxes for some businesses more than 100-fold. Now the first tax bill is coming due and there are those who are looking to leave.
That tax bill is the result of Measure U, put on the ballot in 2020 by the Richmond City Council. Measure U changed the way business license fees are levied, from just a few hundred dollars, based on the number of employees, to a tax on the total amount of sales, called a"gross receipts" tax. It is having a profound effect at Hilltop Ford.
"The choice is either, we're going to have to start laying off people, our employees, to reduce our expenses, or we may have to consider moving," said Lee."Well, I guess a third option would be closing down." In a written statement, Councilmember Claudia Jimenez said,"As a councilmember I am respecting the will of the vast majority of Richmond residents, and I hope that large corporations will choose to contribute to their community."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mission Beach leaders file complaint over city's lack of street vendor enforcementTwo community panels say city is ignoring 1987 ballot measure banning retail uses near Belmont Park.
Source: sdut - 🏆 5. / 95 Read more »
Judge says NYC can’t let noncitizens vote in city electionsNew York City can’t let noncitizens vote for mayor and other city officials, a judge ruled Monday, siding with Republicans who challenged the measure as unconstitutional.
Source: wsfa12news - 🏆 338. / 59 Read more »
Hochul calls special session for Thursday in response to U.S. Supreme Court gun rulingNew York Gov. Hochul said she wants to approve a bill that would allow businesses and private property owners “protect themselves” in the event someone tries to bring a gun onto their property. That's completely right. I support this. As in have a gun in the premises? Doesn't go far enough. 2A ensures the Right to 'bear arms' not to discharge them. Make firing your 2A protected firearm illegal unless you're hunting or at a target range. Penalty: 5 years mandatory.
Source: Gothamist - 🏆 456. / 53 Read more »
Former business partner of FBI mole in red-light camera probe charged with tax evasionThe former business partner of one of the central figures in the federal red light camera bribery probe has been charged with tax evasion stemming from the misuse of company credit cards.
Source: ChicagoBreaking - 🏆 521. / 51 Read more »
Pending Home Sales Post Surprise Increase in May, Likely Due to Brief Pullback in Mortgage RatesPending home sales, a measure of signed contracts on existing homes, rose slightly in May, up 0.7% compared with April.
Source: nbcsandiego - 🏆 524. / 51 Read more »
Judge rules NYC municipal voting law for noncitizens violates state constitutionA Richmond County judge said New York City’s law extending voting rights in municipal elections to noncitizens “significantly devalues the votes of New York citizens.” Good “We're gonna keep fighting to ensure that nearly 1 million New Yorkers who are building their families, paying taxes and investing in our communities have a say in their local democracy,” says Murad Awawdeh, who accused plaintiffs of 'court shopping.' Of course this was staten Island republicans...
Source: WNYC - 🏆 602. / 51 Read more »