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June 6, 2012
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Measure B headed for approval

SOUTH LAKE TAHOE, Calif. - Measure B, which changes South Lake Tahoe's business license tax structure, appears headed for approval by voters.

The measure has received 55.23% approval - 924 to 749 - by those who voted in Tuesday's primary election, according to semi-official election night results from the El Dorado County Department of Elections.

Measure B lowers tax rates on the gross receipts of city businesses while increasing the maximum amount of the business license tax from $3,448 to $20,000 per year.

It will generate about $250,000 per year for the city, according to estimates.

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Tahoe Daily Tribune Updated Jun 6, 2012 12:39PM Published Jun 6, 2012 12:38PM Copyright 2012 Tahoe Daily Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.