Measure H will increase sales tax rates in Butte County and Chico effective April 1, from 7.25% to 8.25% and 8.25% to 9.25% respectively. Consumers are advised to make significant purchases now to save on taxes. The additional revenue will be allocated for public safety and government programs.
Effective April 1, Measure H will raise sales taxes in Butte County, increasing the rate from 7.25% to 8.25%, while Chico’s rate will rise from 8.25% to 9.25%. This tax hike is drawing the attention of consumers, especially regarding significant purchases such as electronics and vehicles.
A recent visit to a local electronics store by reporter Bethany revealed that a television priced at $5,299 currently incurs a sales tax of $437, but with the increased rate, buyers will pay an additional $53. Thus, purchasing before the tax increase may provide savings.
Chad Jeakins, the manager of Best Buy in Chico, noted, “It is smart to take advantage of the current rates to save some money while you can.” Retailers are proactively informing customers about these financial implications to encourage timely purchases.
For instance, a $30,000 vehicle currently incurs $2,475 in sales tax at the Chico rate. Post-increase, this tax will rise to $2,745, equating to an extra $300. Joshua Meyer, sales manager at Volkswagen/Mazda Chico, stated, “Right now, buying before the tax increase is definitely a way to save money, and that is a big plus for our customers.”
In anticipation of the tax increase, car dealerships and appliance stores expect an influx of buyers aiming to make preemptive purchases. The revenue generated from Measure H is designated for public safety and various government programs, underscoring its broader impact on the community.
The implementation of Measure H on April 1 will significantly raise sales tax rates in Butte County and Chico, prompting consumers, especially those considering large purchases, to act swiftly. Retailers are emphasizing the importance of seizing current tax rates to economize on purchases before the increase takes effect. The revenue from this tax hike will serve vital public safety and governmental initiatives, reinforcing its significance in the community.
Original Source: www.actionnewsnow.com
