Why are Republicans distrusted in California? Because Arnold, the amateur governor loved to raise taxes. In this case, he created a tax that would not take affect until two years after he left office—we can’t even Recall him for the Depression he pushed on us.
In the midst of gas going to $5.00, Arnold is making sure government gets even more money—helping keep the Depression going. Texas is looking even better.
“Mr. Schwarzenegger signed Assembly Bill x8 6, Ch. 11, and Senate Bill 70, Ch. 9 in March 2010. This legislation lowered the sales and use tax rate on gasoline and increased the excise tax rate on July 1, 2010. The laws require the annual sales and excise taxes paid on gasoline to remain revenue neutral. It also mandated the BOE to adjust the excise tax rate by March 1 of each year in order to ensure revenue neutrality.”
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State gasoline tax rates may change
Central Valley Business Times, 2/28/13
State laws signed by then-Gov. Arnold Schwarzenegger back in 2010 are kicking in this year and that could mean the state excise tax you pay on gasoline might change.
The laws created a new tax structure for gasoline and mandated the California State Board of Equalization to adjust the state gasoline excise tax rate by March 1 of each year. This rate adjustment ensures the overall state taxes consumers pay at the pump remain the same as they would have been under the prior tax structure, the BOE says.
At its Thursday meeting in Culver City, the BOE will discuss the proposed adjustment for July 1, 2013 through June 30, 2014.
Mr. Schwarzenegger signed Assembly Bill x8 6, Ch. 11, and Senate Bill 70, Ch. 9 in March 2010. This legislation lowered the sales and use tax rate on gasoline and increased the excise tax rate on July 1, 2010. The laws require the annual sales and excise taxes paid on gasoline to remain revenue neutral. It also mandated the BOE to adjust the excise tax rate by March 1 of each year in order to ensure revenue neutrality.
Proposition 30’s quarter percent tax increase does not apply to gasoline purchases and does not affect this computation. Gasoline sales tax revenues fund local government programs, while the state excise tax on gasoline funds highway and mass transit projects throughout California.
I believe the state legislature could pass another bill and nullify this but who knows if this super majority Democrat legislature will do it.
March 2, 2013 at 4:44 pm
Thanks to Arnold:
The pizza guy Arnold definitely 85 dollared me, officer. He told me it would be 10 bucks for the pizza. I asked him if he could break a hundred, and he said "sure." Then he mentioned something about a tax for apartments above the 5th floor, gas surcharge, long distance delivery fee, and a penalty for ordering more than 3 toppings on my pizza. The next thing I know, I'm only getting 15 bucks change and the guy's already in the elevator going downstairs.
March 2, 2013 at 12:42 pm
What more could you expecy from a B rated actor, who could never be more than a F rated governor.
March 1, 2013 at 10:11 am
And today – they passed the new 3.5 cent increase… Fools.
February 28, 2013 at 10:56 pm