.

City to Drive New Car Dealers Back to L.A. With Big Tax Break

Twenty-five years ago, there were 147 new auto dealers in Los Angeles. Today there are only 52.

New car dealerships won a tax break Tuesday under a City Council plan to wrest sales from neighboring cities.

“We’ve been out of the city of Los Angeles for many years,” said Councilman Mitch Englander.

Last year, dealerships generated $3.6 million in gross receipts taxes for Los Angeles. With the tax break, city officials believe more dealerships will move into the city, yielding $5.4 million in sales tax, according to KPCC

Twenty-five years ago, there were 147 new auto dealers in Los Angeles. Today there are only 52.

Read the whole story here.

Follow us on Twitter | Like us on Facebook | Sign up for our daily newsletter

Jesse William Fuller July 03, 2012 at 10:32 PM
More cars are the last thing we need in LA. Shouldn't we be incentivizing businesses where more money stays local? How much of the price of a car stay here? I'm willing to bet it isn't very much. Not to mention the gas you need to run a car. All that money goes to some foreign land. This is bad news.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »