Friday, December 18, 2009

Richmond Chevron Tax Overturned

By Robert Gammon
Fri, Dec 18, 2009 at 11:16 AM

A Contra Costa County judge has thrown out a Richmond voter-approved ballot measure that would have taxed Chevron about $16 million a year, the CoCo Times reports. Chevron, which earns billions in annual profits but shares little of that with the cash-strapped city of Richmond, sued to overturn the measure after it was approved by voters in 2008. Judge David Flynn sided with the oil giant, ruling that Measure T, a manufacturer’s tax, was unfair. It’s unclear whether Richmond plans to appeal the ruling.

This is the second major victory for Chevron in the past few months. In September, a county panel voted to give the company a $12.6 million refund on its property taxes. Chevron, which can easily afford the taxes, had argued that the county overvalued its Richmond property and thus overcharged on its property taxes.



Subscribe to this thread:

Add a comment

Anonymous and pseudonymous comments will be removed.

Most Popular Stories

Best of the East Bay


© 2020 Telegraph Media    All Rights Reserved
Powered by Foundation