Posts by CalTax
01
Jul
Governor Signs Budget Bills, Legislature Begins Recess
Governor Gavin Newsom signed a $308 billion state budget and several budget trailer bills this week, and the Legislature began its month-long summer recess.
01
Jul
Sales Tax Exemption for Manufacturing Equipment Wins Unanimous Approval
The Senate Governance and Finance Committee voted unanimously June 29 to approve AB 1951 (Grayson), a bill co-sponsored by CalTax and the California Manufacturers and Technology Association (CMTA) to provide a full sales and use tax exemption for manufacturing and research-and-development equipment purchases up to $200 million.
01
Jul
Santa Clara County Assessment Roll Increases 7.46 Percent, Sacramento County Up 8 Percent
The assessed value of property in Santa Clara County increased 7.46 percent this year and reached a record-high $619.9 billion, Santa Clara County Assessor Larry Stone reported this morning.
24
Jun
Startups Near State Lines Opt for Side With Lower Taxes, Study Finds
When startup businesses open near state lines, they will weigh the costs of taxes and opt for the state with lower sales and property t...
17
Jun
Largest Employer in Vernon Leaving California Due to High Costs
The Farmer John plant, which is the largest employer in the city of Vernon, is set to close next year, KABC News reported June 10.
Acc...
17
Jun
In Memory: David R. Doerr, California’s Foremost Tax Expert
David R. Doerr, recognized as California’s foremost tax policy expert for more than five decades, passed away June 15 at his home in Ca...
10
Jun
Voters Approve 36 Local Tax Increases, With Six Too Close to Call
Californians approved 36 local tax increases and rejected 14 in June 7 elections, according to preliminary results, and another six rem...
27
May
Proposition 13 Good for California, 64 Percent of Likely Voters Say
Proposition 13 continues to be overwhelmingly popular, with 64 percent of likely voters agreeing that the 1978 property tax reform meas...
20
May
SUT Exemption for Manufacturing and R&D Equipment Advances
Legislation to fully exempt California manufacturing and research-and-development equipment from sales and use tax was approved May 19 ...