1 - 15 August, 2003

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California to Ease Software Taxes

A California tax panel has recommended what amounts to a 50-percent cut in state sales tax for software maintenance contracts, a tax cut that could cost the state up to $28.3 million, officials said on Monday. Representatives from the software industry, including the American Electronics Association trade group, had lobbied the California State Board of Equalization, which regulates a number of taxation areas, to recommend sales tax should not be charged at all on software maintenance contracts.

The compromise proposal, recommending a 50-percent tax cut, could go into effect in the next few months if approved by the state officials.

Currently, the full amount of software maintenance contracts is taxable, but the Business Tax Committee of the Board of Equalization has recommended that just 50 percent of the value of such contracts be taxable, which amounts to a tax break.

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