A split roll property tax introduced in the Senate that raises property taxes on commercial property would damage the California economy and cost the state 400,000 jobs. The California Business Roundtable, a leading opponent of the proposed split roll property tax legislation (SCA 5), produced an online ad to educate voters about the truth behind special interests’ attempts to raise more than $9 billion in new taxes.

The Roundtable is committed to educating voters about special interests’ true motivations. This assault on California’s business property owners is just the first step; proponents have said that raising property taxes on homeowners is their ultimate goal. This ad lays out the facts: California is on strong financial footing, schools are receiving more state funding than ever before and we don’t need a new tax that will cost the state hundreds of thousands of jobs.

The online ad you see here is the first step in the California Business Roundtables commitment to help preserve the economy, protect small businesses and oppose any attempt to undermine the taxpayer protections of Proposition 13.