CA ballot measure Prop. 15 proposes historic corporate property tax to fund schools

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Josh Kahen/File
Among the propositions California residents will vote on Nov. 3 is Proposition 15, which would tax commercial and industrial property valued at more than $3 million based on its market value instead of the price at which it was purchased.

California Secretary of State Alex Padilla released the final title, summary and analysis for California’s Proposition 15 ballot measure Tuesday.
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