Initiative seeks ballot measure to impose "3% gross receipts tax" on for-profit hospitals in Inglewood
INGLEWOOD – The mayor and council are being asked to weigh in on a proposed initiative/ballot measure to impose a 3% gross receipts tax on for-profit hospitals operating in Inglewood.
The mayor and council are being asked to either adopt the ordinance as is, submit the proposed ballot measures to voters or prepare a report in accordance with Elections Code Section 9215(c).
According to the accompanying staff report, “…the tax rate for for-profit hospitals is $1.65 per $1000 and the proposed ordinance wants to change it to a 3% flat tax.”
The City expects to reap close to $5.4 million annually should either the council or voters approve the change in tax.
https://2urbangirls.com/2024/07/initiative-seeks-ballot-measure-to-impose-3-gross-receipts-tax-on-for-profit-hospitals-in-inglewood/