October 1, 2009
Tax Acceleration Law Information
CCPOA is not in a position to give tax advice, and is providing this notice strictly for your information. As part of the budget "fix" California has enacted a tax acceleration law. Beginning November 1, 2009 the State will be withholding State taxes at a rate 10% higher than the current amount witheld. This is an increase of 10% to your tax withholding amount, but does not increase your annual tax liability, in effect, a loan to the State...
