Tax Code Overhaul; High-Speed Rail; New Sales/Use Tax Rates- per CA Bd. of Equalization, Vice Chair George Runner

Tax Code Overhaul, High-speed Rail Trains, Political Crime, Shenanigans, And You

 

California State Board of Equalization
As your elected taxpayer advocate, I’m fighting to make sure all Californians are treated fairly and to promote tax policies that help grow our economy. I’m always open to hearing your ideas on how we can work together to solve the toughest problems facing our state.

GEORGE RUNNER


The Tax Code Could Use an Overhaul

The president and Congress want to reform the nation’s tax code and they should—the tax code has become far too complex and puts the U.S. economy at a competitive disadvantage.

Fortunately, a blueprint does exist courtesy of California, on what federal lawmakers shouldn’t do if they want to create an economy that works for everyone.

I make the case in my latest piece in the Sacramento Bee that our state’s tax code is too confusing and complex, and that changes at the federal level should inspire California to create a simpler tax code that would benefit all Californians.

Take a read and feel free to share your feedback by emailing george@boe.ca.gov.


Politician Behind CA High-speed Rail Says Project Is a “Crime” 

In 2008, proponents of California high-speed rail promised voters the project would be completed on time and provide a boost to California’s economy, while attracting significant investments from the federal government and private sector.

Not even close.

The project has more than doubled in cost to $68 billion and has suffered numerous setbacks that will cost taxpayers. While consultants hired by the High-Speed Rail Authority continue to say that the inflation-adjusted cost will be about $71 billion, outside experts estimate the final cost could be $93 billion.

What’s more? The politician behind high-speed rail says called the rail project in its current form a “crime.”

California voters definitely deserve another opportunity to vote on this project.


New Local Sales and Use Tax Rates to Take Effect

As a result of voter-approved initiatives, new local sales and use tax rates will take effect on October 1, 2017.

New District Taxes Old Rate New Rate
Corcoran (Kings County) 7.25% 8.25%
Lindsay (Tulare County) 7.75% 8.75%
Seaside (Monterey County) 8.75% 9.25%
   
Current District Tax Decreasing Old Rate New Rate
San Pablo (Contra Costa County) 9.00% 8.75%

Measure H Sales Tax for Homeless Services and Prevention, which was approved by voters on March 7, 2017, goes into effect on October 1, 2017, throughout Los Angeles County, except for in the cities of Compton, La Mirada, Long Beach, Lynwood, Pico Rivera, Santa Monica, and South Gate.

Beginning October 1, taxpayers can find the new correct rate for their home or business location by visiting cdtfa.ca.gov and clicking the Tax Rate button.


GR in the News

Double Standard Prevails In California Government (Napa Valley Register, 9/25/17)

After 24 Years, Wealthy Inventor Gets His Day in Tax Court – And Wins (Sacramento Bee, 8/30/2017)

 


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