Title

State Sales, Use, and Income Tax Rates

Secretary of State No.

1958-s-1

Description

STATE SALES, USE, AND INCOME TAX RATES. INITIATIVE. Reduces sales and use tax rate from 3 to 2 percent. Changes income tax rates (now ranging from 1 percent on incomes under $5,000 to 6 percent on incomes over $25,000) to new range of 1/2 percent on incomes under $5,000 to 46 percent on incomes over $50,000. Legislature may lower but not increase sales and use tax rates. Income tax rates may be changed only by vote of electors. Sales and use tax rate changes effective January 1, 1959. Income tax rate changes effective after December 31, 1957.

Date

1-1-1958

Document Type

Initiative

Qualified

Qualified

Recommended Citation

State Sales, Use, and Income Tax Rates California Initiative 1958-s-1 (1958).
https://repository.uclawsf.edu/ca_ballot_inits/174