California Voters Approved Major Tax Increases

Micheli, Chris
January 2013
Journal of State Taxation;Jan/Feb2013, Vol. 31 Issue 2, p61
Academic Journal
The article reports on the approval of two tax increase measures, to raise more than seven billion of taxes yearly and affecting individuals and firms, in California on November 6, 2012. It was adopted to resolve 16 million dollars of budget deficit. Governor Jerry Brown authored the Proposition 30 to furnish temporary taxes for public safety and education while the Proposition 39 is for the imposition of mandatory apportionment formula for solitary sales factor for clean energy projects.


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