CalTax

The California Taxpayers Association was founded in 1926 to protect taxpayers from unnecessary taxes and to promote government efficiency.

[CalTax @CalTax]

California-based company ramps up production of successful product ... with manufacturing plant outside of California.
https://t.co/nzI8dZ2S0a

[CalTax @CalTax]

State auditor reviews state's Kindergarten Oral Health Assessment program and reports that none of the school districts reviewed maintained reliable data in all areas required by state law. Auditor was "unable to use these districts’ data..."
https://t.co/OIIMepQM45

[CalTax @CalTax]

California battery technology company is building a $100 million battery manufacturing operation "using domestically sourced materials to power drones and other military equipment." The factory is being built outside the state of California.
https://t.co/aXk06FCpjC

[CalTax @CalTax]

"It makes no sense to amend the state constitution to commit to a tax increase now, five years in advance, when we have no idea what condition the state will be in when the tax would take effect....Let the 'emergency tax' expire on schedule. NO on Prop 3."
https://t.co/ejcx0sL4sE

[CalTax @CalTax]

New poll confirms that affordability is the top issue for California voters, by a wide margin.
https://t.co/ulIah5JqRS

[CalTax @CalTax]

Los Rios Community College District "demeans itself by trying to fool voters into passing the new $1.1 billion bond issue on next Tuesday’s ballot. The proposal’s summary on the ballot reads like an advertisement rather than a factual statement."
https://t.co/mkVmNjWCRO

[CalTax @CalTax]

California’s “jock tax” is well known, but this tax on athletes who spend time in CA isn’t the only game in town. Prop 40, the wealth tax initiative, presents another tax that would negatively impact professional sports teams in California.
https://t.co/mqLieF3VmV

[CalTax @CalTax]

Register for tomorrow's California Tax Foundation webinar on on how tax decisions affect technologies, the economic benefits these investments generate, and what California's software tax and reduction in R&D incentives mean for growth and competitiveness.
https://t.co/5toHsiplTz

[CalTax @CalTax]

California's has been losing employers since 2014, with 533 more companies leaving the state than entering in 2023 alone, the Los Angeles Times reports. High taxes and unaffordability are major factors.
https://t.co/eEQMhwxxl0

[CalTax @CalTax]

https://t.co/D2sTrqpE19

[CalTax @CalTax]

The tax rate ranges from 7.25% to 11.75%, depending on locationn (see https://t.co/Y7KS3Rm2VR).

There is no exemption for business-to-business transactions, so the tax will be added at every step in the process, ultimately resulting in higher costs for the end consumer.

[CalTax @CalTax]

California's new software tax will hit restaurants hard, industry analyst says. "Tools restaurants rely on daily, including point-of-sale systems, scheduling software, payroll platforms, and inventory management systems, will generally become taxable."
https://t.co/nTIIOL9Wh0

[CalTax @CalTax]

How did your representatives in the state Legislature vote on tax and fee issues? The California Tax Foundation's Tax & Fee Report details the amount of tax and fee increases supported by each state lawmaker.
https://t.co/M5IEXu691Y

[CalTax @CalTax]

“When the new taxes and fees are fully implemented, Californians will be paying $14.3 billion more to their state and local governments, on top of any additional taxes approved in the November election,” California Tax Foundation Research Analyst Caitlin Herring noted.

[CalTax @CalTax]

The Legislature and Governor Gavin Newsom approved $14.3 billion in annual tax and fee increases during the 2025-26 legislative session after lawmakers considered more than $803 billion in tax and fee hikes, the California Tax Foundation reported today.
https://t.co/M5IEXu691Y

[CalTax @CalTax]

The two largest approved taxes: SB 122 (tax on sales of digital prewritten software, including Software-as-a-Service, and a limit on tax credits, costing taxpayers at least $9.17 billion per year) and SB 125 (tax on health plans costing Californians $2.3 billion per year).

[CalTax @CalTax]

Good news: State revenue exceeded budget projections by $5.6 billion (a 12.2% windfall).
Bad news: State spending exceeded projections by $11.8 billion (13.2% more than budgeted).
https://t.co/EI9rjHgPNE

[CalTax @CalTax]

What tax measures are on your ballot? Check CalTax's local tax tracker to find out:
https://t.co/RIMFhrhkSd

[CalTax @CalTax]

Caitlin Herring writes: "Californians will vote on more than 300 local tax measures in November, and anyone who reads the official ballot questions will notice that most read like campaign flyers in favor of the tax. It shouldn’t be this way."
https://t.co/30GPRpC7sO

[CalTax @CalTax]

"California's unicorns – startups valued at over $1 billion – are an essential part of the state's business ecosystem. But adopting the California Billionaire Tax Act, also known as Proposition 40, could make the state's startup culture far less magical."
https://t.co/H78KeM2NNt