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California Sales Tax Increase Effective January 1, 2013

On Behalf of | Dec 4, 2012 | Uncategorized |

In the November election, California voters passed Proposition 30, and as a result the statewide sales and use tax rate will increase one quarter of one percent (0.25%) beginning on January 1, 2013. The higher tax rate will apply for four years; January 1, 2013 through December 31, 2016. Revenue generated by the rate increase will fund K-12 schools, community colleges, and public safety services.

Additionally, the statewide 0.25% rate increase will apply to all taxable sales and purchases made as part of fixed priced contracts and fixed price lease agreements, even if the contracts were entered into prior to January 1, 2013. The increased rate will replace the rate in effect at the time you entered into the fixed-price contract or fixed-price lease agreement


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