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Most city and county bonds require voter approval in California, needing the support of at least two-thirds of voters to pass. [3] This requirement was put in place by Proposition 13 which was passed in 1978 and reduced property taxes. [4] In 2000, Proposition 39 reduced the supermajority to 55% to approve taxes for local school bonds. [4]
A change in presidential administration in 2025 means likely tax changes in the future, though no one can be 100% sure how many of President-elect Donald Trump's campaign promises will actually...
The California Supreme Court on Thursday took the rare step of removing a measure from the November ballot that would have made it harder to raise taxes, siding with Gov. Gavin Newsom by ruling ...
Californians pay the highest marginal state income tax rate in the country — 13.3%, according to Tax Foundation data. But California has a graduated tax rate, which means your rate increases ...
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 Community Climate Action grant program is funded with a quarter-cent property tax rate. The goal is to help reduce greenhouse gas emissions by 26% by 2025 and transition the county to a 100% ...
The California Association of Realtors previously sponsored and financed an initiative measure known as 2018 California Proposition 5 on the November 2018 ballot that would have further expanded Proposition 13 property tax breaks for certain homeowners (primarily homeowners over age 55) by allowing them to transfer their lower property tax base ...
A ballot measure that would have required voter approval for future state tax increases will not appear on the November ballot, California Supreme Court rules.