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"The governor is not a proponent of tax increases and has fought against propositions seeking to add new taxes, but the recession 15 years ago — and the current budget challenges facing our ...
Effective January 1, 2013, the state sales and use tax increased by 0.25% from 7.25% to 7.50% as a result of Proposition 30 passed by California voters in the November 6, 2012 election. The change was a four-year temporary tax increase that expired on December 31, 2016. Taxation of online sales
California's voters would approve higher income and capital gains tax rates on the state's wealthiest residents to increase K-12 school funding in subsequent years: voters approved tax increases with Proposition 30 in 2012 (which was extended to 2030 with 2016 California Proposition 55), raising tax rates on income and capital gains over ...
2008–2012 California budget crisis. Furlough at a California Department of Motor Vehicles office in 2009. The U.S. state of California had a budget crisis in which it faced a shortfall of at least $ 11.2 billion, [1] projected to top $40 billion over the 2009–2010 fiscal years. [2]
Californians pay the highest marginal state income tax rate in the country -- 13.3%, according to Tax Foundation data. But California has a graduated tax rate, which means your rate increases with...
A proposal in the state Senate would increase California's renters' tax credit from $60 to $500 for eligible single tax filers, and more for those who are married or are single with dependents.
Elections in California. Proposition 30, officially titled Temporary Taxes to Fund Education, is a California ballot measure that was decided by California voters at the statewide election on November 6, 2012. The initiative is a measure to increase taxes to prevent US$6 billion cuts to the education budget for California state schools.
California will be the first U.S. state to charge an excise tax on guns and ammunition, starting in July. The new tax — an 11% levy on each sale — will come on top of federal excise taxes of ...