Posts by Annie

12 Jul

Property Tax

Schools and Local Government to Receive More Property Tax Revenue as Assessed Values Increase Throughout the State

• July 12, 2024
• By Annie

Property tax revenue is set to increase throughout the state, as county assessors are reporting significant increases in the assessed v...

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28 Jun

Legislative Update

Internet Taxes Approved by Senate

• June 28, 2024
• By Annie

Two bills to impose new taxes on electronic commerce advanced in the Senate this week despite concerns raised by technology platforms a...

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14 Jun

Public Opinion Poll

Proposition 13 Remains Popular and Most Californians Feel Overtaxed, Poll Finds

• June 14, 2024
• By Annie

Proposition 13 continues to have the support of nearly two-thirds of California’s voters and the vast majority of Californians believe ...

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07 Jun

Unemployment Insurance

UI Fund’s Debt Projected to Grow, Extending Multibillion-Dollar Tax Hike on Employers

• June 7, 2024
• By Annie

California’s Unemployment Insurance Fund will end the year with a $21.7 billion debt to the federal government that will continue growi...

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31 May

Commentary, State Budget

Budget Proposal Attacks Independence of Office Tax Appeals

• June 7, 2024
• By Annie

By CalTax Chief Tax Counsel Bart Baer One of Governor Gavin Newsom’s recently proposed business tax increases stands out for reasons...

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24 May

State Budget

Half of Assembly Signs Letter Urging Rejection of Governor’s Proposals to Suspend NOL Deduction and Limit Tax Credits

• May 24, 2024
• By Annie

A bipartisan group of 40 state Assembly members – half of the house’s membership – signed a May 22 letter asking leadership to reject G...

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17 May

State Budget

Governor Proposes $18 Billion Business Tax Increase to Reduce Budget Deficit

• May 17, 2024
• By Annie

Governor Gavin Newsom unveiled his May budget revision May 10, presenting a 2024-25 plan with provisions that cumulatively represent an...

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10 May

Local Tax Elections, Local Taxes

Voters Reject Four of Six Parcel Taxes in May 7 Special Elections

• May 10, 2024
• By Annie

Voters in various parts of the state approved one parcel tax and rejected four in special elections that concluded May 7, while another...

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03 May

California Gas Prices

Gas Tax Increasing to 59.6 Cents Per Gallon Effective July 1

• May 3, 2024
• By Annie

California’s excise tax on gasoline will increase from 57.9 cents per gallon to 59.6 cents per gallon July 1, the California Department...

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26 Apr

State Budget

State Revenue Is 4 Percent Below Forecast for 2023-24 Fiscal Year

• April 26, 2024
• By Annie

General fund revenue was $243 million (1.6 percent) below the governor's budget forecast for March and $5.8 billion (4 percent) below t...

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