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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.
The third largest source of government revenues is value-added tax (VAT), charged at the standard rate of 20% on supplies of goods and services. It is therefore a tax on consumer spending. Certain goods and services are exempt from VAT, and others are subject to VAT at a lower rate of 5% (the reduced rate) or 0% ("zero-rated").
One example of the massive expansion of government in California in the decades before Proposition 13 was the rapid growth of public postsecondary education. In 1900, California had only a single public university at Berkeley, the University of California , and state normal schools which provided two-year teacher training programs at Chico, Los ...
California attorney general says bidding wars aren't exempt from price-gouging rules. Andrew Khouri. January 18, 2025 at 8:13 PM.
For example, the California Supreme Court ruled that a local municipal utility, such as a city providing domestic water service, is entitled to a reasonable "return on investment" (otherwise referred to as "profit"). [25]
A value-added tax (VAT or goods and services tax (GST), general consumption tax (GCT)) is a consumption tax that is levied on the value added at each stage of a product's production and distribution. VAT is similar to, and is often compared with, a sales tax .
Prohibiting government agencies from denying, limiting, or abridging the right of any property owner to decline to sell, lease, or rent residential real property to any person the property owner, in their absolute discretion, chooses. Proposition 6 (1978) Defeated: Barring homosexuality in the public school system. Proposition 13 (1978) Passed
Tucked into a sprawling budget plan the California Legislature approved Wednesday night was a last-minute exemption from the state's landmark environmental law that lawmakers granted to themselves ...