Richmond Chevron Tax Overturned

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A Contra Costa County judge has thrown out a Richmond voter-approved ballot measure that would have taxed Chevron about $16 million a year, the CoCo Times reports. Chevron, which earns billions in annual profits but shares little of that with the cash-strapped city of Richmond, sued to overturn the measure after it was approved by voters in 2008. Judge David Flynn sided with the oil giant, ruling that Measure T, a manufacturer’s tax, was unfair. It’s unclear whether Richmond plans to appeal the ruling.

This is the second major victory for Chevron in the past few months. In September, a county panel voted to give the company a $12.6 million refund on its property taxes. Chevron, which can easily afford the taxes, had argued that the county overvalued its Richmond property and thus overcharged on its property taxes.

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