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Wicks’ Bold Move to Cap Real Estate Taxes
Assemblymember Buffy Wicks is stirring up real estate debates in California with her bold new bill, AB 736, which would cap statewide transfer taxes at 1.5%—rising to 3% in cities like San Francisco. Designed to spur housing development and tackle affordability, the bill walks a tightrope: appeasing developers while calming fears of a more radical ballot measure, yet sparking backlash from progressives worried about local tax power and realtors concerned it could hike home costs. Wicks, a housing policy powerhouse alongside Senator Scott Wiener, is pushing this compromise as a critical step…
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