BOE: New services tax could boost CA revenue by $122 billion
. Placing a tax on business services in California has the potential to raise an additional $122.6 billion annually for state and local governments, according to a recent Board of Equalization study. A services tax could become a reality if Senate Bill 8 is approved by the Legislature and signed by Gov. Jerry Brown. Although […]
New tax would hit services
By Wayne Lusvardi . Republished with permission by Cal Watchdog.com . Tax reform is in the air. One proposal is by state Sen. Bob Hertzberg, D-Los Angeles, also a former speaker of the Assembly. Senate Bill 8, the Upward Mobility Act, would raise $10 billion in sales and use taxes to replace the $7 billion Proposition […]
