A TAX INCREASE FOR HIGHER WAGE EARNERS California has a short-term disability program that pays people who cannot work because of a non-work related illness, injury or pregnancy. The program is funded by a 1.1% tax on wages. In the past, this tax only applied to wages below a ...
Reports on the tax increase in California. Comparison with tax increases in other states; Tax provisions in the state's budget compromise package.BrownKennethC.EBSCO_AspOutlook
In 2022, 3.6 million Californians received the state’s earned income tax credit, according to the Franchise Tax Board. It had a modest impact; about 83% of those filers got less than $300 in state tax credits. That’s partly by design. The state earned income t...
California temporarily raised taxes on businesses to help offset what they thought would be a huge deficit. Instead, California posted record surpluses. That tax increase was scheduled to expire at the end of this year. Newsom wants to to end it one year early, which would ...
The federal government already taxes the sale of guns and ammunition at either 10% or 11%, depending on the type of gun. The law Newsom signed adds another 11% tax on top of that — making California the only state with a separate tax on guns and ammunition, according to the gun contr...
California Gov. Gavin Newsom announced Monday that the state would renew a rebate program for electric vehicles if the incoming Trump administration eliminates the current federal tax credit.
Current law allows the Legislature to increase state taxes by a two-thirds majority vote. The proposed ballot measure would retain that standard but would also require a majority of California voters to approve the increase before it could take effect. ...
“That’s a fundamental shift in power that separates (this measure) from all the other tax measures that have come before it,” she told the justices. The measure would also reclassify many government fees as taxes and apply retroactively to any increase approved...
Christopher Simmons - Feb 9, 2023 SACRAMENTO, Calif. /CALIFORNIA NEWSWIRE/ -- To continue expanding the state’s affordable housing stock and increase capacity for additional climate-smart infill housing, California Governor Gavin Newsom today announced the first funding awards under a new streamlined...
In 2023, the real gross domestic product (GDP) of California was 3.23 trillion U.S. dollars. This is a slight increase from the previous year, when the state's GDP stood at 3.23 trillion U.S. dollars. Real gross domestic product of California in the United States from 2000 to 2023 ...