SALT Report 3232 – The Board of Equalization Annual Report for Fiscal Year 2012-13 has been released.
“Legislation was enacted in 2012 to increase the state sales tax rate to 0.25 percent. California sales and use tax revenue totaled $44.7 billion in FY 2012-13, an increase of 8.5 percent from the $41.2 billion total in FY 2011-12.”
The BOE provides financial results of the fiscal year with an emphasis on “Encouraging Voluntary Compliance”. The report also addresses and summarizes important initiatives every taxpayer should know about including SCOP, CROS, Online Services, Taxpayer’s Rights Advocate, The Top Ten Areas of Non-Compliance (Resale Certificates at #1 and Use Tax at #2) and much more.
For Further Information: