FIGURE REV-20
Outline of State Tax System as of
January 1, 2001
	Major Taxes and Fees		Base or Measure	Rate		Administering Agency	Fund
	Alcoholic Beverage Excise Taxes:
	Beer		Gallon	$0.20		Equalization1	General
	Distilled Spirits		Gallon	$3.30		Equalization	General
	Dry Wine		Gallon	$0.20		Equalization	General
	Sweet Wine		Gallon	$0.20		Equalization	General
	Sparkling Wine		Gallon	$0.30		Equalization	General
	Hard Cider		Gallon	$0.20		Equalization	General
	Bank and Corporation:
	General Corporation		Net income	8.84%	2	Franchise3	General
	Bank and Financial Corp.		Net income	10.84%		Franchise	General
	Alternative Minimum Tax		Alternative Taxable Income	6.65%	2	Franchise	General
	Tobacco:
	Cigarette		Package	$0.87	4	Equalization	Cigarette Tax, Cigarette and Tobacco
							Products Surtax, Breast Cancer Act, and
							Calif. Children and Families First Initiative
	Other Tobacco Products		Wholesale price	54.89%	5	Equalization	Cigarette and Tobacco Products Surtax
	Energy Resources Surcharge		Kilowatt hours	$0.0002		Equalization	Energy Resources Surcharge Fund
	Horse Racing License		Amount wagered	0.4% - 2.0%		Horse Racing Board	Fair & Expo6, Satellite  Wagering7,
							Wildlife  Restoration, and General
	Estate		Taxable Federal estate	0.8-16.0%		Controller8	General
	Insurance		Gross Premiums	2.35%	9	Insurance Dept.	General
	Liquor license fees		Type of license	Various		Alcoholic Beverage Control	General
	Motor Vehicle:
	Vehicle License Fees (VLF)		Market value	2.0%	10	Motor Vehicle Dept	Motor Vehicle License Fee and Local
							Revenue11
	Fuel—Gasoline		Gallon	$0.18		Equalization	Motor Vehicle Fuel12
	Fuel—Diesel		Gallon	$0.18		Equalization	Motor Vehicle Fuel
	Registration Fees		Vehicle	$30.00		Motor Vehicle Dept	Motor Vehicle13
	Weight Fees		Gross Vehicle Weight	Various		Motor Vehicle Dept	State Highway14
	Personal Income		Taxable income	1.0-9.3%		Franchise	General
	Alternative Minimum Tax		Alternative Taxable Income	7.0%		Franchise	General
	Private Railroad Car		Valuation		15	Equalization	General
	Retail Sales and Use		Receipts from sales or	5.25%	16	Equalization	General and Local Revenue
			lease of taxable items
Source: State of California, Department of Finance
1	State Board of Equalization.
2	Minimum tax $800 per year for existing corporations.  New corporations are exempted from the minimum franchise tax for the first two years of operations.
3	Franchise Tax Board.
4	This tax is levied at the combined rate of 10 cents per pack of 20 cigarettes for the General Fund, 25 cents per pack for the Cigarette and Tobacco
	Products Surtax, 2 cents per pack for the Breast Cancer Act, and 50 cents per pack for the California Children and Families First Trust Fund.
5	A tax equivalent to the tax on cigarettes; rate reflects the 50 cents per pack established by the California Children and Families First Initiative.
6	For support of county fairs and other activities.
7	For construction of Satellite Wagering Facilities and health and safety repairs at fair sites.
8	State Controller's Office
9	Ocean marine insurance is taxed at the rate of 5 percent of underwriting profit attributable to California business.  Special rates also apply to
	certain pension and profit sharing plans, surplus lines, and nonadmitted insurance.
10	Beginning January 1, 1999, vehicle owners pay only 75 percent of the calculated tax and the remaining 25 percent (offset percentage) is paid by the General Fund.
	Chapter 74, Statutes of 1999, increased the offset to 35 percent on a one-time basis for the 2000 calendar year.  Chapter 107, Statutes of 2000, extended the
	35 percent credit through calendar year 2002, and provided for an additional 32.5 percent VLF reduction, which will be returned to taxpayers in the form of a
	rebate.  Beginning in 2003, the VLF will be permanently reduced by 67.5 percent.
11	For return to cities and counties.  Trailer coach license fees are deposited in the General Fund.
12	For administrative expenses and apportionment to State, counties and cities for highways, airports and small craft harbors.
13	For support of State Department of Motor Vehicles, California Highway Patrol, other agencies and motor vehicle related programs.
14	For State highways and State Department of Motor Vehicles administrative expense.  Chapter 861, Statutes of 2000, replaces the current weight fee schedule
	for trucks, which is based on the unladen weight of commercial trucks and trailers, with a new schedule based on the gross weight capacity of trucks alone, in
	order to comply with the International Registration Plan standards.
15	Average property tax rate in the State during preceding year.
16	Includes a 4.75 percent rate for the State General Fund and Public Transportation Account and a 0.50 percent rate to the Local Revenue Fund for realignment.