Proposed Calif. Amendment Would Up Tax On Cars

Law360, New York (January 6, 2014, 5:05 PM EST) -- Supporters of a proposed amendment to California’s state constitution must decide this month whether to finance a push for a referendum in November's election that would impose a 1 percent property tax on all vehicles registered to the state.

The California Road Repairs Act of 2014 would raise between $3 billion and $4 billion per year once fully implemented, the state Legislative Analyst’s Office said in a Dec. 27 review of the initiative. 

The measure would see California, which spends an estimated $27 billion per year...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.