california economy

From the HR department:

Please be advised that pursuant to a recently enacted California state law (the income shifting and tax acceleration provision of ABX4-17), state wage withholding rates will be increased by 10 percent. This increase will be effective with your November 23, 2009 paycheck.

In the event that you wish to make changes to withholding amounts for state taxes, please complete and submit the Form DE 4 to the Department of Human Resources.

Please visit the State of California website for more information on the new withholding requirements:

http://www.ftb.ca.gov/aboutFTB/State_Wage_Withholding_Rates_Increased.shtml