Assessment for Retail Businesses Only
(formerly known as CBD or the Central Business District Retail Tax)

Boundaries :  The centerline of Ocean Ave. to the centerline of 7th Street, and the centerline of the Santa Monica Freeway to 200 feet northwesterly of the centerline of Wilshire Blvd.

Special Note :  A retail business might be subject to this assessment and the Third St. Promenade and Downtown Maintenance Assessment if it is located on 2nd, 3rd, or 4th between Wilshire and Broadway.  This area includes the Third Street Promenade.

Date Established :  1966

Formula for Retail :  1/15th of 1% of taxable sales per year up to a maximum of $1,000.

Formula for Non-Retail :  None

How Funds are Collected :  Semi-annual billing from the Business License Office.

Who Administers the Fund :  The Bayside District Corporation (BDC) administers the fund on behalf of the downtown.  As a result of the 1998 merger with the Bayside District, some BDC Board members are now chosen from the larger downtown area governed by this assessment.

Approximate Size of Fund :  $200,000 per year.

Uses of Funds :  General promotion of retail activity in the area, including holiday decorations.

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This page was last modified on 05/21/2008