California to Vote on Sales and Use Tax Extension
- Sales Tax News
- Oct 5, 2012 | Gail Cole
The California State Senate has approved AB 1446, a resolution sponsored by Assemby Member Mike Feuer of Los Angeles. If approved by voters in November, the measure would authorize the L.A. County Metropolitan Transportation Authority (Metro) to "ask County voters to extend the term of Measure R sales tax authorization."
Measure R, approved in 2008, levies a 30 year, one-half of one percent sales and use tax to fund transportation projects throughout Los Angeles County. This .5% sales and use tax is "in addition to other taxes authorized by law… ." It is currently set to expire in 2039.
If approved, Measure J will extend Measure R's "existing one-half cent sales tax" for an additional 30 years. Costs per person are anticipated to remain the same, "adjusted for inflation." A study by Los Angeles County Economic Development Corporation indicates that the current tax "costs residents an average of $25 per person per year."
It is estimated that Measure J will generate "approximately $90 billion more in local sales tax revenue" between 2039 and 2069.