16.10.2012 · Proposition 30 is a state constitutional amendment that would temporarily increase state taxes in order to raise an additional $6 to $9 billion each year for state government. The state sales tax for all Californians would increase to 7.5% for four years. New income taxes would be imposed on wealthier Californians for seven years. Fiscal Impact
Proposition 30, approved by voters in 2012, provided critical revenues to California at a time when the state faced daunting fiscal challenges. These revenues increased school funding and allowed for reinvestment in other public services after years of cuts. Prop. 30’s tax rate increases are scheduled to expire over the next several years.
Proposition 30, officially titled Temporary Taxes to Fund Education, is a California ballot measure that was decided by California voters at the statewide election on November 6, 2012. The initiative is a measure to increase taxes to prevent US$6 billion cuts to the education budget for California state schools.
CON NO on 30—$50 billion in higher sales and income taxes, but no guarantee of additional money for schools. Prop. 30 doesn’t reform schools, pensions or cut waste and bureaucracy. …
Proposition 30, officially titled Temporary Taxes to Fund Education, is a California ballot measure that was decided by California voters at the statewide election on November 6, 2012. The initiative is a measure to increase taxes to prevent US$6 billion cuts to the education budget for California
Overview of Proposition 30 State Taxes and Revenues Increases sales tax rate by one-quarter cent for every dollar for four years. Increases personal income tax rates on upper-income taxpayers for seven years.
A California ballot measure approved by voters on November 6, 2012 by a margin of 55 to 45 percent, Prop. 30 helped prevent further cuts to education by ...
Nov 06, 2012 · California Proposition 30 was on the ballot as an initiated constitutional amendment in California on November 6, 2012. It was approved . A "yes" vote supported this ballot initiative to: • increase the state sales tax from 7.25% to 7.50% for a period of four years;
Prop. 30 doesn’t reform schools, pensions or cut waste and bureaucracy. We’ll never know where the money really goes. Educators, small businesses and taxpayer groups say NO on 30. FOR ADDITIONAL INFORMATION FOR Ace Smith Yes on Proposition 30 2633 Telegraph Avenue #317 Oakland, CA 94612 (510) 628-0202 YesOnProp30@TakeAStandCA.com YesOnProp30.com
Click here to create an account and save your votes. Proposition 30 temporarily increases the state sales tax rate and the personal income tax rates for ...
The new revenues generated from Proposition 30 are deposited into a newly created state account called the Education Protection Account (EPA). School districts, ...
distribute the revenue from the tax increases to K-12 schools and community colleges. A "no" vote opposed this ballot initiative to increase the state sales tax ...
30 raised the state sales tax rate by one-quarter cent through 2016 and added three new personal income tax (PIT) rates for very-high-income Californians ...