#sales-tax

#sales-tax

A judge next Wednesday could decide the fate of the county's proposed five-eighths cent sales tax increase, known as Measure A, after local libertarians filed a lawsuit challenging the legality of placing it on the Nov. 4 special election ballot. The lawsuit argues federal spending cuts - which county leaders warn could devastate California's second largest public hospital system - don't constitute an emergency allowing for a sales tax vote on a non-general election year.

In the first quarter, Nvidia said it sold $5.5 billion in products to China, roughly 13% of its total. The chips exposed to the Trump tax accounted for about 80% of that, or just under $5 billion.

"The additional half-cent mass transit bailout would raise the rate to 10.25% if approved in 2026, affecting sales tax rates in Santa Clara County."

Tax-free weekends are short periods during which states exempt certain items from sales tax, aimed at helping families save on back-to-school purchases.

With annual deficits for Bay Area transit agencies approaching $800 million, the scramble is on to find the revenue needed to keep BART and the region's other bus and rail systems operational.

Gibraltar will implement a 15% sales tax to align with EU standards, ensuring fair competition with Spain as part of a post-Brexit agreement.