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The 2000–2001 California electricity crisis, also known as the Western U.S. energy crisis of 2000 and 2001, was a situation in which the U.S. state of California had a shortage of electricity supply caused by market manipulations and capped retail electricity prices. [ 10] The state suffered from multiple large-scale blackouts, one of the ...
At 7.25%, California has the highest minimum statewide sales tax rate in the United States, [8] which can total up to 10.75% with local sales taxes included. [9]Sales and use taxes in California (state and local) are collected by the California Department of Tax and Fee Administration, whereas income and franchise taxes are collected by the Franchise Tax Board.
The federal tax was last raised on October 1, 1993, and is not indexed to inflation, which increased 111% from Oct. 1993 until Dec. 2023. On average, as of April 2019, state and local taxes and fees add 34.24 cents to gasoline and 35.89 cents to diesel, for a total US volume-weighted average fuel tax of 52.64 cents per gallon for gas and 60.29 ...
News reporters question California Gov. Gavin Newsom about his proposal for a new tax on oil companies in response to high gas prices in 2022. (Rich Pedroncelli / Associated Press)
The state government adopted the California Master Plan for Higher Education in 1960 to develop an efficient system of public education. In the early 20th century, Hollywood studios, like Paramount Pictures, helped transform Hollywood into the world capital of film and helped solidify Los Angeles as a global economic hub.
February 14, 2023 at 8:41 PM. California lawmakers introduced legislation Tuesday aimed at fighting hidden or "junk" fees for everything from concert tickets to groceries. Senate Bill 478 would ...
Energy subsidies are government payments that keep the price of energy lower than market rate for consumers or higher than market rate for producers. These subsidies are part of the energy policy of the United States . According to Congressional Budget Office testimony in 2016, an estimated $10.9 billion in tax preferences was directed toward ...
California Public Utilities Commission. / 37.78023; -122.42046. The California Public Utilities Commission ( CPUC or PUC) is a regulatory agency that regulates privately owned public utilities in the state of California, including electric power, telecommunications, natural gas and water companies. In addition, the CPUC regulates common ...