Taxable Sales Down In California

Sacramento, CA– New figures released from the California State Board of Equalization (BOA) show that taxable sales in California have declined.

According to George Runner, Second District Member of the BOA, taxable sales declined 5.9 percent in the fourth quarter of 2009 when compared to the same quarter of the previous year.

“These numbers remind us that many Californians are still struggling and without jobs,” said Runner. “The best way to generate more revenue for the state isn’t by raising taxes but by helping the private sector get back on its feet.”

Overall, 51 counties in California showed a decline in year-to-year taxable sales, while seven counties had increases. Taxable sales in most of the counties in the Second Equalization District declined in the fourth quarter of 2009 on a year-over-year basis, including Tuolumne (-10.3%) and Calaveras (-8.1%).

Taxable sales in California is a quarterly report on retail sales activity in the state, as measured by transactions subject to sales and use tax.

Written by tina.falco@mlode.com