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Hemet council introduces ordinance to allow sales-tax sharing for auto-dealership investments
Summary
The council conducted first reading and introduced an ordinance to authorize sales-tax sharing agreements with qualifying new or upgraded dealerships and related vehicle retailers; the measure excludes Measure U revenue sharing and includes limits and a 10-year program window.
The Hemet City Council on March 11 introduced and conducted first reading of an ordinance creating a framework for sales-tax sharing agreements to incentivize investment by auto dealerships and related vehicle retailers in the city.
City Attorney Stephen Graham Pacifico and staff explained the ordinance’s purpose: enable the city to offer a portion of the Bradley-Burns 1% sales tax collected at qualifying auto, motorcycle, off-road vehicle, motorhome and similar new-vehicle dealerships as reimbursement for substantial capital investments,…
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