San Diego Could Tax Developers Based On Tenant Mileage

San Diego County supervisors are mulling a proposal to tax housing developers based on the average miles driven by their tenants. It’s a unique spin on the Vehicle Miles Traveled (VMT) tax that supporters say could fund transportation projects and encourage infill.

Under the proposal, housing developers would be taxed $10,000 to $22,000 per mile driven by their tenants on average. The idea came about after the San Diego Association of Governments (SANDAG) abandoned its own VMT proposal, which would have taxed drivers directly.

Opponents of the developer VMT, including San Diego Supervisor Jim Desmond, claim it would exacerbate the state’s existing housing and affordability crisis.

Read more at Streetsblog California.


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Finance

Monday, November 21, 2022 - 06:07

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