|
Thursday, June 18, 2026
Lawmakers in the state Senate took the final vote on these taxes on Thursday morning, sending them to Gov. Gavin Newsom's desk where he's expected to sign the legislation before the end of the month. One proposal involves an increase in taxes on health plans, which experts say will raise rates for individuals with private health insurance by an average of $100 per year. This tax is expected to generate $2 billion annually to help fund Medi-Cal, the state's health insurance program for low-income residents. The second tax increase would impose a new sales tax on digital software, including programs like Microsoft Office, QuickBooks, Slack, and Workday. This tax, starting at 7.25%, could vary depending on the region of California where the software is purchased or used. The measure is projected to bring in approximately $900 million annually for the state's general fund. |
||
|
More Alternate links: Google News | Twitter Crazy ... Comments
Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed. |
||