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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 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
Ticket resale is a form of arbitrage that arises when the number demanded at the sale price exceeds the number supplied (that is, when event organizers charge less than the equilibrium prices for the tickets). During the 19th century, the term scalper was applied to railroad ticket brokers who sold tickets for lower rates. [1]
If you got paid for selling event tickets in 2024, then that income will have to be reported on your 2024 tax return next year, even if the sales took place in 2023.
Anaheim is in trouble with the state because the city didn't put up the Angel Stadium land for bid before selling it to the Angels.
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Angel Stadium has been the home of the Angels since their move from Los Angeles. On August 31, 1964, ground was broken for Anaheim Stadium and in 1966, the then-California Angels moved into their new home after having spent four seasons renting Dodger Stadium (referred to in Angels games as Chavez Ravine Stadium) from the Dodgers.
What happens if a judge decides the sale of Angel Stadium broke the law? Here's the breakdown of what could happen next.