A new California tax could add up to $324,000 per unit to development costs, affecting new homeowners, developers and contractors, according to a coalition group called CARE Housing.
The coalition is largely made up of regional Chambers of Commerce, taxpayers associations, and small business and industry groups.
The existence of the tax can be attributed to the state aiming to reduce car trips by 50% by 2035, by taxing new developments based on their potential vehicle miles traveled…