Our Mission

Learn who we are and how we serve our community

Leadership

Meet our leaders, trustees and team

Foundation

Developing the next generation of talent

C+CT

Covering the latest news and trends in the marketplaces industry

Industry Insights

Check out wide-ranging resources that educate and inspire

Government Relations & Public Policy

Learn about the governmental initiatives we support

Events

Connect with other professionals at a local, regional or national event

Virtual Series

Find webinars from industry experts on the latest topics and trends

Professional Development

Grow your skills online, in a class or at an event with expert guidance

Find Members

Access our Member Directory and connect with colleagues

ICSC Networking Platform

Get recommended matches for new business partners

Student Resources

Find tools to support your education and professional development

Become a Member

Learn about how to join ICSC and the benefits of membership

Renew Membership

Stay connected with ICSC and continue to receive membership benefits

Government Relations & Public Policy

CA: Prop. 15 sees increased supporter donations

October 16, 2020

With less than three weeks before election day, Facebook founder Mark Zuckerberg’s advocacy arm, Chan Zuckerberg Advocacy, made an additional contribution to the "Yes on Proposition 15" campaign, bringing his total to more than $10.5 million.

Following the move, The Wall Street Journal joined more than two dozen newspapers expressing their opposition to increased property taxes proposed by Prop. 15, pointing out that fast food franchises, small dairies, wineries, orchards, manufacturers and small businesses will pay for the higher taxes while tech companies like Facebook will be less affected as their employees are allowed to work remotely:

Perhaps he’s trying to atone for his wealth, but as the NAACP and minority business groups explained in a letter to him in August: “Unlike Facebook, restaurants, dry cleaners, nail salons and other small businesses can’t operate right now and many may never open again. The last thing they need is a billionaire pushing higher taxes on them under the false flag of social justice.”

If passed, Prop. 15 would tax commercial and industrial properties based on market value rather than the current method of taxing the purchased price with annual increases of 2% or the rate of inflation, whichever is lower. For now, residential properties would still be assessed by purchase price.

Prop. 15 represents the largest tax increase ever in California. Be sure to share the need to simply vote NO on Prop 15. 

For more information, visit www.NoOnProp15.org.