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Proposition 30 raised the statewide sales tax rate from 7.25% to 7.50%, effective January 1, 2013. [8] Many local municipalities impose additional sales taxes on top of the standard statewide rate. [ 8 ]
Proposition 30 is a California ballot proposition that appeared in the general election on November 8, 2022. The measure was defeated. The measure was defeated. The initiative would have raised taxes on the wealthy to fund wildfire management and electric vehicle (and ZEV ) incentives and infrastructure.
Proposition 30: Wealth tax for zero-emission vehicle programs This ballot measure would require wealthy Californians to pay an additional 1.75% in personal income taxes on annual earnings above $2 ...
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 measure would add a new tax on Californians who make more than $2 million. Gov. Gavin Newsom says Prop. 30 was devised to benefit one company. Is that actually true?
California Proposition 30 has sparked furious debate and heavy campaigning funded with more than $40 million in political donations. Proposition 30 has voters deciding on a tax for zero-emission ...
California's voters would approve higher income and capital gains tax rates on the state's wealthiest residents to increase K-12 school funding in subsequent years: voters approved tax increases with Proposition 30 in 2012 (which was extended to 2030 with 2016 California Proposition 55), raising tax rates on income and capital gains over ...
Proposition 30 would spend $30 billion to $90 billion to subsidize the electric car industry over the next 20 years, with the state's highest-income Californians picking up the tab.