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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.
Proposition 35, titled Managed Care Organization Tax Authorization Initiative, was a successful California ballot proposition in the 2024 general election on November 5. [1] The proposition makes permanent an existing tax on managed health care insurance plans to fund Medi-Cal services pending federal approval.
The figure on line 11 of your IRS Form 1040 gets transferred over to line 13 of your California state tax return Form 540. But California’s tax laws differ from federal laws, so you might have ...
The AIDS Healthcare Foundation was the primary supporter and financial backer of this year's Proposition 33, as well as 2018 California Proposition 10, and 2020 California Proposition 21; all similar rent control proposals designed to overturn the Costa–Hawkins Rental Housing Act, which all failed with almost identical margins (60-40), while ...
In California, the state minimum wage as of January 1, 2024 was $16 per hour. [6] [note 1] As of July 2024, California had the highest minimum wage of any state and was the highest in the country except for some part of New York (which also have a $16/hour minimum wage) and the District of Columbia (which has a minimum wage of $17.50/hour). [9]
In January 2024, CBS reported key findings from real estate firm CoreLogic detailing 20 U.S. cities where there are likely to be pricing gains for residential real estate. The top gainer was ...
The following is a list of California ballot propositions broken down by decade. Propositions can be placed on the ballot either through the exercise of the initiative power by the voters or by a vote of the state legislature .
Between 2023 and 2024, the number of homes in the ZIP code affected by the January 2025 Palisades fire covered by the FAIR Plan almost doubled. [ 5 ] As of January 17, 2025, the FAIR Plan estimated that it covered 22% of the structures affected by the Palisades Fire, with a potential exposure upwards of $4 billion, and 12% of the structures ...
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