|
|
Article: State Controller Connell Says Sales Tax Cut Could Be Larger.
- Article from:
- PR Newswire
- Article date:
- October 25, 2000
CopyrightCOPYRIGHT 2000 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
SACRAMENTO, Calif., Oct. 25 /PRNewswire/ --
California's chief financial officer, State Controller Kathleen Connell says the 1/4-cent sales tax reduction is a nice first step.
"This is an automatic and symbolic tax cut based on requirements of the state law, nothing more," notes State Controller Connell. "With California's economy continuing to grow, we are in a position to make even deeper and more meaningful tax cuts," she adds.
The reduction goes into effect January 1, 2001 for one year. Whether it stays in effect depends upon the strength of the state economy in the future.
The amount each individual taxpayer will save next year ...