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Sales and use taxes in California (state and local) are collected by the California Department of Tax and Fee Administration, whereas income and franchise taxes are collected by the Franchise Tax Board. The statewide base sales tax rate of 7.25% is allocated as follows: [10] 7.25% – State + Local. 6.00% – State.
Qualified Small Business Stock. Qualified Small Business Stock (QSBS) is a tax incentive to drive the investment and founding of small businesses in the United States of America. [1] The QSBS regulations are under U.S. Code Section 1202 [2] of the Internal Revenue Code (IRC). QSBS is a tax exemption on a federal, and in some cases, a state ...
The California Franchise Tax Board (FTB) administers and collects state personal income tax and corporate franchise and income tax of California. It is part of the California Government Operations Agency. The board is composed of the California State Controller, the director of the California Department of Finance, and the chair of the ...
Sep. 20—WILKES-BARRE — Since taking office, the Shapiro-Davis Administration has grown state contracting opportunities for small businesses (SBs), small diverse businesses (SDBs), and veteran ...
ST. PETERSBURG, Fla. - A Pinellas County company is incorporating Bay Area products into the world of corporate gift-giving, boosting sales and exposure for local businesses. Ryan Jenot’s start ...
Harris' proposal of 28% capital gains tax rate for those making over $1 million is lower than than the 39.6% rate established in Biden's FY2025 budget proposal. It is currently 23.8%. With the ...
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