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Woodland council adopts 10-year auto-dealer sales-tax rebate program to spur reinvestment
Summary
The council approved a performance-based, 10-year sales-tax rebate program for new-vehicle franchise dealerships that requires minimum investments, community-benefit commitments and stepped rebate percentages capped at $2.5 million per dealer.
The Woodland City Council on Feb. 17 authorized staff to establish a performance-based sales-tax rebate program designed to encourage local auto dealerships to reinvest in facilities, marketing and community benefits that increase local vehicle sales and sales-tax revenue.
Program details presented by staff: the program is available to new-vehicle franchise dealerships operating in Woodland and requires applicants to commit to a minimum $2,500,000 in qualifying investments over a 10-year period (facility upgrades, advertising, or a combination). Applicants must…
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