By  on February 13, 2009

Struggling California retailers face a temporary one cent sales tax increase as part of a deal to close the state’s $42 billion budget deficit and break a 14-week legislative deadlock.

The sales tax boost would be combined with a 5 percent surcharge on personal income tax, an increased gasoline levy and higher fees, as well as widespread spending cuts. The taxes would expire in two years, but voters could choose to extend them.

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