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The government of San Jose, officially the City of San José, operates as a charter city within California law under the San José City Charter. [1] The elected government of the city, which operates as a council–manager government, is composed of the Mayor of San Jose (currently Matt Mahan), the San Jose City Council, and several other elected offices.
Sizable government employers include the city government, Santa Clara County, and San Jose State University. [132] Acer's United States division has its offices in San Jose. [133] Prior to its closing, Netcom had its headquarters in San Jose. [134] [135] On July 31, 2015, Cupertino-based Apple Inc. purchased a 40-acre site in San Jose. [136]
Mahan received endorsements from the Business San Jose Chamber Political Action Committee, based in Silicon Valley, when he ran for city council in 2020. [28] [21] They claimed that they supported Mahan’s plan to spend tax dollars appropriately and reduce tax burdens to encourage business growth in the city and wanted a transparent government ...
A tax-exempt organization is a business entity that does not have to pay federal income taxes. Nonprofits, which reinvest earnings to support their mission, are eligible to receive tax-exempt status.
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.
This tax applies to a "dividend equivalent amount," which is the corporation's effectively connected earnings and profits for the year, less investments the corporation makes in its U.S. assets (money and adjusted bases of property connected with the conduct of a U.S. trade or business). The tax is imposed even if there is no distribution.
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