“Yes, you read that headline correctly. A tax in California has actually been lowered. Effective Jan. 1, 2017, the sales and use tax rate dropped in the Golden State.
The rate was lowered one quarter of 1 percent, from 7.50 percent to 7.25 percent, according to the state board of equalization. The lower tax rate is the result of the partial expiration of Proposition 30, a school-funding measure that was approved by voters in 2012 as a temporary means of providing extra money to the state’s schools…”
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