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California Governor Signs Gasoline Tax Swap Bills After Democrats Send Tax Credit Bills

March 24, 2010 in Daily Tax Report · Leave a Comment 

Gov. Arnold Schwarzenegger (R) dropped a veto threat March 22 and signed two bills swapping the current sales tax on gasoline for an indexed excise tax to close part of the budget deficit, after lawmakers sent him another two bills to provide the tax credits he wanted. The governor signed A.B. X8 6 and A.B. X8 9, which lawmakers sent him March 4 creating a…

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