California Voters Approve Single-Factor Sales

California residents have the amazing ability to vote on taxes.  Thus, this past November 2012, California voters approved two tax-related propositions. 

The first, Proposition 30, increases the sales and use tax rates as well as the personal income tax rates for high-income earners. The second, Proposition 39, requires the use of a single-factor sales factor apportionment for most businesses.

For details on each proposition, please click here.


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