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The Pacifica Evening News: Prop 13 Tax Change Targets Corporations

Original report from the Pacifica Evening News here.

Two democratic state senators have introduced a bill to change California’s landmark Prop 13 property tax law. They want to close what they call a loophole that lets big corporations avoid paying their fair share of property taxes. The measure would tax corporate property at fair market rates, bringing in an estimated $9 billion a year for schools and local government programs. Christopher Martinez reports from Sacramento.

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