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06-30-2011, 08:32 PM #1
Some CA. state taxes, fees drop while others go up
Some state taxes, fees drop while others go up
Budget cuts will also take their toll on Californians
By Michael Gardner
4:31 p.m., June 30, 2011
SACRAMENTO — Starting Friday, Californians can buy and license a new car for less money than yesterday.
How much less? Try $300 on a $20,000 purchase.
That’s because two temporary tax increases — sales and vehicle licenses — expired at midnight after Gov. Jerry Brown and Republican lawmakers failed to strike a deal on extending the taxes as part of a new budget deal signed into law Thursday.
A third temporary tax hike on personal income technically expired Jan. 1, but had been part of the budget negotiations to keep the revenues flowing to the state in 2011-12.
Combined, the new lower tax rates will save the average family of four about $1,000 a year, according to various state figures.
“Today, young families in California should celebrate ... I have seen how these taxes going to state government impacts their budgets,â€NO AMNESTY
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