Council OKs 4% cut in business tax for ‘07 (Los Angeles Times)
Council OKs 4% cut in business tax for ‘07 (Los Angeles Times)
The City Council approved a 4% reduction in business taxes in 2007, citing an increase in revenue during the current year. The reduction is part of a business-tax reform package passed in 2004 that is being phased in over five years when city revenue meets certain thresholds.