California's Just-Adopted Budget Agreement Includes Signifi cant Tax Law Changes

Micheli, Chris
March 2009
Journal of State Taxation;Mar2009, Vol. 27 Issue 3, p23
Academic Journal
Chris Micheli describes sweeping changes to California's tax laws, which include a new homebuyer tax credit, an increase in the sales and use tax rate, an increase in vehicle license fees, a decrease in the dependant credit and an increase in personal income tax brackets. The new laws also provide for a single sales factor apportionment option, a film/TV production credit and a small business hiring tax credit.


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