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The California State Board of Equalization (BOE) is a public agency charged with tax administration and fee collection in the state of California in the United States.The authorities of the Board attempt to ensure that counties fairly assess property taxes, collect excises taxes on alcoholic beverages, administer the insurance tax program, and other tax collection related activities.
The collection of almost all state sales taxes and special fees, prior to the formation of the Administration, was handled by the California State Board of Equalization, a constitutional body composed of constitutional offices; despite almost a century of attempts to reform the Board, owing to various corruption-related concerns, these efforts were not successful for most of its history. [3]
In 1879, California adopted its state constitution which among many other programs created the State Board of Equalization and the State Controller, which administered all tax programs. [1] In 1929, the state legislature created the office of the Franchise Tax Commissioner to administer California's Bank and Corporation Franchise Tax Act. [1]
The school tax rate would rise from 84.6 cents per $100 of assessed property value, to 86.1 cents. Under the state's school funding formula, S2, Toms River Regional has seen millions of dollars in ...
At 7.25%, California has the highest minimum statewide sales tax rate in the United States, [8] which can total up to 10.75% with local sales taxes included. [9]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.
California's Board of Equalization is a public agency charged with tax administration and fee collection. For the purposes of tax administration, the Board of Equalization divides the state into four Equalization Districts, each with its own elected board member. [2] [3]
The state controller assumes office by way of election. The term of office is four years, renewable once. Elections for state controller are held on a four-year basis concurrently with elections for the offices of governor, lieutenant governor, attorney general, secretary of state, state treasurer, insurance commissioner, and superintendent of public instruction.
Fiona Ma (born March 4, 1966) is an American politician and accountant. She has been serving as the California state treasurer since January 7, 2019. [1] She previously was a member of the California Board of Equalization (2015–2019), the California State Assembly (2006–2012), and the San Francisco Board of Supervisors (2002–2006).