SALINAS, Calif. — Capital One has agreed to pay property taxes to the city of Salinas through 2019, after the company’s lease expires at that time.
A good post but I believe that this section explains why they are paying taxes. They have a lease that expires in 2019 that means they still legally have a presence in the city of Salinas.
It was the part I put in boldface that looked like the “exit tax” you were talking about. A million plus to the city for no business purpose whatsoever.