california taxes

BILL WOULD UPDATE PROP 13: LARGE COMMERCIAL PROPERTY OWNERS WOULD PAY MARKET VALUE

By Miriam Raftery

June 10, 2015 (Sacramento)—Since 1978, Proposition 13 has frozen property taxes  for California owners until a property sells.  But now a proposed constitutional amendment would change Prop 13 to require annual assessments of large commercial and industrial properties.

The measure, Senate Constitutional Amendment 5,  exempts homeowners,  owners of rental residential properties and agricultural properties, which would not be impacted.   The measure also includes a tax break for small businesses, instead targeting larger commercial and industrial property owners for the tax hike.

The bill would exempt from taxation up to a half million dollars of personal property used exclusively for business purposes.  It also gives businesses an exemption of up to a half million for equipment and fixtures—an action that would eliminate the tax on equipment and fixtures entirely for 90% of businesses, whether they own or rent their place of business.

MORE CALIFORNIANS WORRIED ABOUT HIGHER EDUCATION COSTS, HALF WOULD APPROVE RAISING TAXES INSTEAD OF HIKING STUDENT FEES

November 24, 2010 (San Diego) -- Californians are becoming increasingly worried about the cost of higher education. A new survey from the Public Policy Institute of California found that 74 percent of those polled said the state does not provide enough money to its public colleges and universities.

 

EDITORIAL: BREAKING BAD--CALIFORNIA VS. THE OTHER STATES

 

By Richard Rider, Chairman, San Diego Tax Fighters

August 21, 2009 (San Diego) -- Here’s a depressing comparison of California taxes and economic climate with the rest of the states. The news is breaking bad, and getting worse (I keep updating this article):

California has the 2nd highest state income tax in the nation: . 9.55% at $48,000. 10.55% at $1,000,000