Tax Jobs in California

Market context

SALT (State and Local Tax) in California involves navigating the complex tax laws and regulations imposed by the state of California and its numerous local jurisdictions. This discipline covers a wide range of taxes, including sales and use tax, corporate franchise tax, property tax, and various local business license taxes.

California has one of the highest state sales tax rates in the US (7.25% statewide, effective January 1, 2024), which can increase significantly with local district taxes, sometimes exceeding 10%. The state also imposes a substantial corporate franchise tax rate (8.84% on net income) and requires annual minimum franchise tax payments. Key agencies include the California Franchise Tax Board (FTB) for income and franchise taxes and the California Department of Tax and Fee Administration (CDTFA) for sales and use taxes and other special taxes and fees. Property taxes are administered at the county level under Proposition 13 limits.

Regulatory timeline

• 2024-01-01California's Statewide Base Sales Tax RateEffective
  source
• 2023-01-01Assembly Bill 2284 (AB 2284) - Corporate Minimum Tax Exemption for New BusinessesEnacted
  source

Skills & tools