California's Sales Tax Rate Could Increase on January 1

Tuesday, October 30th, 2012

 
 
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California
General

The California State Board of Equalization recently issued a special notice regarding a potential sales and use tax rate increase on January 1, 2013. Cal. Spec. Notice: Sales and Use Tax Rate Could Increase on Jan. 1, 2013 (Bd. of Equalization Oct. 2012). The notice explains that there could be a one quarter of one percent (.25%) increase in the sales and use tax rate if California voters approve an initiative, Proposition 30, on the ballot during the general election on November 6, 2012. If passed, Proposition 30 will increase California's sales and use tax rate from 7.25% to 7.50% beginning January 1, 2013.

If Proposition 30 is approved, it will not affect or change the rate of any special district taxes. The statewide rate increase will be in addition to any special district taxes imposed in those cities and counties that have approved district taxes.

The Board of Equalization will provide additional guidance in November if California voters approve Proposition 30.


About TTR

Transaction (buying or selling things), Tax (the tax on this activity), Resources (our people, our website, our support services) - TTR, Inc.

TTR has a website that companies subscribe to and use daily. This website provides a list of everything that can be bought or sold in the U.S. It provides simple answers to whether buying or selling these items is taxable (subject to a sales tax or other tax), and it provides all the legal authority to support these tax answers.

TTR likes to keep things simple and fun, which is why it has great people who provide help to clients on any support questions they have about transaction tax issues.

Please visit TTR on the web at www.ttrus.com or call 866.578.8193.

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