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.