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Under the Bradley-Burns law, local jurisdictions can adopt a uniform local sales and use tax rate of up to 1% based on the price of property sold at retail. [1] This 1% is typically broken down as follows: [4] 0.75% goes to the city where the sale occurs (or to the county if the sale occurs in an unincorporated area)
At 7.25%, California has the highest minimum statewide sales tax rate in the United States, [8] which can total up to 10.75% with local sales taxes included. [9]Sales and use taxes in California (state and local) are collected by the California Department of Tax and Fee Administration, whereas income and franchise taxes are collected by the Franchise Tax Board.
The sale of an entire inventory is not a bulk sale if it is sold to buyers in a manner that ensures adequate consideration. For example, if a merchant holds an auction sale for the entire contents of the business and the sale is in good faith, the buyer is not required to comply with bulk sales legislation. However, the buyer of a business with ...
In 1913 the citizens of Los Angeles County approved a charter recommended by a board of freeholders which gave the County greater freedom to govern itself within the framework of state law. [1] Los Angeles County did not subdivide into separate counties or increase the number of supervisors as its population soared during the twentieth century.
Bulk-sale restrictions — also known as bulk-sale restraints, finished-form limitations and dosage-form limitations — are, as the term is used in United States antitrust case law, clauses in patent licenses that provide that the licensee shall make and sell the licensed product only in "finished pharmaceutical form" or "dosage form" (such as tablets, capsules and vials—the form in which ...
The "wholesale business quarter" of Los Angeles [8] was centered on Los Angeles Street around First and Second streets, New buildings were constructed in the existing Wholesale District over the next years, including one at 147-149 North Los Angeles Street for the Davenport Company, dealer in agricultural implements and heavy hardware; the ...
Experts say there are good reasons for the abundance of personal injury law firm billboards in Los Angeles, ... A full-size billboard in Los Angeles is roughly $5,000 to $10,000 per four-week ...
Measure R was a ballot measure during the November 2008 elections in Los Angeles County, California, that proposed a half-cent sales taxes increase on each dollar of taxable sales (originating in or made from Los Angeles County) for thirty years in order to pay for transportation projects and improvements.