Prop39

Sacramento
12:30 pm
Wed January 2, 2013

New Year, New Taxes Thanks to Props 30, 39

The California capitol building in Sacramento (file photo)
Credit Photo used under Creative Commons from Andy Patterson / Modern Relics / http://www.flickr.com/photos/modernrelics/4461010654/

California taxes are going up in the new year – with higher sales and income tax rates … and a new requirement for out-of-state businesses to calculate their taxes the same way in-state businesses do.  

In November, voters approved two ballot measures that deal with taxes.  Proposition 30 raises the sales tax a quarter of a cent to 7.5 percent, starting in the new year 

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Government & Politics
2:00 pm
Fri October 19, 2012

Proposition 39: Corporate Tax Law

Next in our series on California's November ballot measures, we take a look at Proposition 39. It would change a critical piece of corporate tax law and provide more money to the state – but higher taxes for some businesses.

It was called “the most boring proposition on the 2012 ballot” by a San Diego blogger. The writer has a point. It revolves around a corporate tax formula known as the “single sales factor.” But when you consider that corporate taxes accounted for nearly 10 billion dollars in California last year, Prop 39 doesn’t sound so boring anymore:

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