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.