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Call To Action: Oppose Commercial Vacancy Tax
- By: admin
- On: 04/07/2025 18:32:43
- In: Government Affairs
- Comments: 0
Senate Bill 789 (Menjivar; D-Van Nuys) proposes a statewide vacancy tax on commercial real estate, imposing a $5 per square foot tax on properties deemed "vacant." While intended to address commercial vacancies, the bill would have serious unintended consequences for property owners, businesses, and local governments.
This tax would penalize property owners during economic uncertainty and risk further destabilizing struggling markets. We need urgent action from our industry to stop this bill from becoming law. Please take a few moments to contact state representatives to urge them to vote note on SB 789.
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