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The law also provided for the creation of a Mixed Beverage Gross Receipts tax, which quickly became a major revenue generator for the state. During fiscal year 1993, the tax and associated fees generated more than $244.7 million, accounting for more than half the total revenue collected by the agency. [8]
The department handles the vast majority of California's sales, use and excise tax assessment, auditing and collection. It also collects the 1.25% Bradley-Burns Uniform Local Sales and Use Tax and various 'district taxes'. Sales & use tax; Alcoholic Beverage Tax (contracted to administer on behalf of the Board of Equalization) California Tire Fee
You can stay current on processing times for tax returns and refunds on the FTB’s website. As of March 6, the website reported it takes one month for a personal refund to process.
CalFile is the current tax preparation program/service of the California Franchise Tax Board (FTB).. ReadyReturn is the former tax preparation program initiated by the FTB as a pilot in 2005, [1] tax returns for the 2004 tax year, based on their 2003 tax data, went out to 51,850 taxpayers receiving a "pre-populated" [2] form based on financial information reported to the FTB by employers and ...
Per the State of California Franchise Tax Board, you can expect your 2024 California state tax return to be processed: Up to three weeks for personal returns filed electronically.
The figure on line 11 of your IRS Form 1040 gets transferred over to line 13 of your California state tax return Form 540. But California’s tax laws differ from federal laws, so you might have ...