Month: November 2013

California: Significant Tax Changes Recently Enacted

California Grundge State Flag

Synopsis: On November 6, California voters approved propositions that: •    Temporarily increase personal income and sales and use tax rates; •    Mandate the previously optional single-sales factor apportionment formula for corporate income tax; and •    Approved a new gross receipts tax for the City of San Francisco, to take effect in tax year 2014. Note… Read more »