Multistate Tax Alert: California Voters Approve Tax Ballot Measures
Mandatory single sales factor apportionment, temporary statewide sales/use tax & personal income tax increases
California voters cast their ballots in favor of mandatory single sales factor apportionment for multistate businesses. Voters also approved a ballot measure that temporarily increases both personal income, and sales and use tax rates. Voters also rejected a budget reform measure.
The attached Multistate Tax Alert discusses those state ballot measures, along with potential related implications and considerations going forward.