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Below is a snapshot of key features of California's tax system. (Scroll Down)
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State & Local Revenue (FY07)
- General Revenue, Own-Source (GROS): $254.3 billion
- General Revenue as a Share of Income: 17.1%
- Personal Income Tax (Share of GROS): 30.8% (7th out of 51)
- Corporate Income Tax (Share of GROS): 6.5% (9th out of 51)
- Sales & Excise Tax (Share of GROS): 31.4% (33rd out of 51)
- Property Tax (Share of GROS): 24.1% (38th out of 51)
- Other (Share of GROS): 7.2% (27th out of 51)
Personal Income Tax Features (2009)
- Range of Tax Rates: 1.25% - 10.55%
- Standard Deduction: $3,637 ($7,274 for Married Couples)
- Personal Exemption: $98 ($196 for Married Couples)
- Dependent Exemption: $98
- Earned Income Tax Credit (EITC): None
- All rates will decline by 0.25% for 2011 and thereafter
- Personal exemption credit phases out for high income levels
- Personal exemption is available as a credit
Corporate Income Tax Features (2009)
- Range of Tax Rates: 8.84%
- Income Level at Which Top Rate Applies: All
- Combined Reporting: Yes
- Apportionment Factor (Payroll): 25%
- Apportionment Factor (Property): 25%
- Apportionment Factor (Sales): 50%
- Apportionment Note: Some corporations must use equally weighted formula
Sales Tax Features (2009)
- State Sales Tax Rate: 8.25%
- Average Local Sales Tax Rate: 0.90%
- Average Combined State & Local Sales Tax Rate: 9.15%
- State Sales Tax Treatment of Groceries: Exempt
- Local Sales Tax Treatment of Groceries: Exempt
- Number of Services Taxed: 21 out of 168 surveyed
- Streamlined Sales Tax Membership: No
- Tax rate may be adjusted annually according to general and school fund balances
- State sales tax includes 1% statewide local tax
- State sales tax applies to gasoline
Property Tax Features (2009)
- Property taxes capped at 1% of assessed value.
- Assessment increases capped at 2% per year.
Other Tax & Revenue Features (2009)
- Gasoline Tax Rate (per gallon): $0.474
- Diesel Tax Rate (per gallon): $0.453
- Cigarette Tax Rate (per pack): $0.87
- Estate or Inheritance Tax: No
- Net Lottery Sales Per Capita: $91
Tax Policy Oversight
- Tax Expenditure Report: Yes
- Tax Incidence Analysis Capability: Personal income tax only
Last Updated Apr. 8, 2010
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