Los Gatos tax measure would target Netflix, large retailers to help pare budget shortfall

Los Gatos voters will decide this fall whether to raise the local business tax rate for the first time in more than 30 years in an effort to shore up the town’s forecasted budget deficit.

Measure J would increase the town’s base business tax rate by 30 percent for businesses with more than $50,000 in annual gross receipts. Taxes for licensed businesses have not increased in the town since 1991.