California Proposition 15

The Tax on Commercial and Industrial Properties for Education and Local Government Funding Initiative (Prop 15), is on the ballot in California as an initiated constitutional amendment on November 3, 2020.

Since manufacturing facilities make up a substantial portion of the square footage of industrial properties in the Bay Area, AMBayArea wants to ensure manufacturers are aware of this proposition.

Resources:

• General information and views on Prop 15 can be found on ballotpedia.org.
• California Manufacturers & Technology Association (CMTA) released a press release on September 11, 2020:  Manufacturers Oppose Prop 15 Split Roll Property Tax Measure

The Association of Manufacturers Bay Area (AMBayArea) is providing this information for educational purposes and encourages members to do their own research on the topics provided.