Gov. Gavin Newsom vetoed a bill that would have barred California cities from striking tax-sharing deals with retailers like Amazon and Apple, finding that rural communities rely on the agreements to spur employment.
The legislation aimed to end what state Sen. Steve Glazer, D-Orinda, called a “perverse” tax incentive in which he said cities hand “billions of dollars in tax revenue to private corporations” who otherwise don’t need the financial break.
“These deals take money from every city in the state and give it to some of the richest corporations in the world,” Glazer said during a May Senate floor debate. “That’s just wrong.”
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BY HANNAH WILEY
OCTOBER 13, 2019