CORRECTION TO FTB TAX INDEXING RATES.Due to a retroactive retroactive adj. referring to a court's decision or a statute enacted by a legislative body, which would result in an application to past transactions and legal actions. In criminal law, statutes which would increase penalties or make criminal activities which had been previously legal are prohibited by the Constitutional ban on ex post facto laws (Article I, Section 9). correction made by the U.S. Department of Commerce, Bureau of Labor Statistics Bureau of Labor Statistics (BLS) A research agency of the U.S. Department of Labor; it compiles statistics on hours of work, average hourly earnings, employment and unemployment, consumer prices and many other variables. in the federal inflation rate computation, the FTB announced that California has revised its indexing rates for the 2000 tax year. California personal income tax amounts will be indexed by 3.7 percent rather than 3.6 percent as reported earlier.
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