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Area Development Homepage >> State Resources >> California >>

California Basic Business Taxes

Area Development Online Research Desk (Feb/Mar 09)

Corporate income tax:
Corporations with California incomes are subject to either the bank and corporation franchise tax, or the corporate income tax. Both taxes are levied at the rate of 8.84 percent of net income from California sources. Banks and financial institutions are subject to an additional tax of up to 2 percent, which is imposed in lieu of business and personal property taxes.

Sales and use taxes:
7.25 to 8.75 percent of receipts from sales or lease of taxable items depending on county.

Property tax:
Assessed and collected locally by county governments; some cities and special districts assess and collect their own taxes for special purposes such as street improvements; average tax rate is 1.1 percent of fair market value.

California State Contact:
California Business Investment Services
801 K Street, Suite 2100
Sacramento, CA 95814
(916) 322-0000

Incentive and tax information is provided to Area Development by each state’s economic development or commerce agency for information purposes only and is subject to revision at any time by the state government. Please contact the state agency directly for full requirements and offerings.