California: Possible Rate Change in January 2013
- Nov 2, 2012 | Gail Cole
The California Board of Equalization has released a special notice announcing a possible statewide sales and use tax rate change. If California voters approve Proposition 30 next week, the statewide sales and use tax will increase by 0.25%, from the current rate of 7.25% to 7.5%.
If approved, the new rate will be in effect from January 1, 2013 through December 31, 2016.
Proposition 30 also impacts some city and county voter-approved district taxes. If Proposition 30 is approved, a number of cities and counties will increase the district rate in addition to the statewide rate increase of 0.25%. These voter-approved hikes will not take effect if Proposition 30 fails.
Any changes to California tax rates caused by the November 6, 2012 elections will be announced here when known.