Tax Cut to Lure More Car Showrooms to L.A.

Summary


In an attempt to lure new vehicle dealers to Los Angeles, Mayor Antonio Villaraigosa on

Tuesday called for exempting them from the city's business tax.

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Extract


Tax Cut to Lure More Car Showrooms to L.A.

The move could cost the city $3.6 million - the amount received from dealers in gross receipts tax last year - but officials maintain it could be offset by new sales tax revenue

generated by luring new dealers...

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