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Californians gain largest state tax rebate in history
California will start a one time tax bonanza on October 1 with a total $721 million in surplus returned to residents. The rebate includes a six month penny rollback in the sales tax and potential 20 to 100 percent cuts on 6 million income tax bills due April 15. Governor Reagan framed it as a temporary, voters approved opportunity.
MENTIONED IN THIS ARTICLE
Sacramento
Calif
Treasury
Reagan
California