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 may also be subject to the Third Street 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: Funds are collected semi-annually by the Business License Department.
Who Administers the Fund: Downtown Santa Monica, Inc (DTSM) administers the fund on behalf of the downtown.
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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