California tax increase from 7.75% to 8.75%!! Our wonderful government officials have felt it necessary to raise our state sales tax 1% to take effect on April 1, 2009. While 1% might not seem like a lot, think about this:
1% increase on sales tax for a M696 = $99.90 increase on your OTD price!
1% increase on sales tax for an 1198s = $227.90 increase on your OTD price!
That's a substantial chunk of change, any way you cut it.
On top of the tax rate increase DMV registration fees are supposed to be increasing as well! Although we are unsure at this time when that will take effect, but we will keep you posted!!!!
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