Business in California, as well as individuals, will see a drop in the California Sales & Use Tax in 2017. Diane Hartley, Board of Equalization, distributed a detailed explanation of the sales and use tax drop from 7.50% to 7.25%. In addition to the California Sales & Use Tax, local jurisdictions may also impose sales and use tax with the combination resulting in a tax higher than 7.25%.
The article can be found at https://goldenstatenews.com/2017/01/03/a-tax-in-california-has-actually-been-lowered/. Included in the article are tools to determine the exact sales and use tax applicable to the location of your intended shopping experience.
For additional Business Planning in 2017, contact Ariel Bedell at The Loftin Firm, [email protected]