Newsom Proposes Budget With Business Tax Relief Provisions
On January 10, Governor Gavin Newsom released his budget for the 2022-23 fiscal year, a $286.4 billion plan that proposes restoration o...
Posts by CalTax
14
Jan
Single-Payer Plan Would Harm State’s Economy, Editorials Warn
“Supporters of Proposition 186, the single-payer health initiative on the November ballot, say it’s like Canada’s universal health care...
07
Jan
Lawmakers Return to Capitol, Introduce Major Tax Hike
The Legislature returned to Sacramento this week to begin the final half of its two-year session, and Assembly Members Ash Kalra and Al...
07
Jan
Parcel Tax Approved, Bond Measure Rejected in December Special Elections
A local parcel tax passed and a bond failed in recent special elections, according to the final results released by elections officials...
07
Jan
Two California Firms Moving to Lower-Cost States
Two California-based companies announced this week that they are moving operations to states with lower costs.
Review Wave, a tech com...
17
Dec
Malia Cohen Elected Chair – and FTB Member – Effective January 1
The State Board of Equalization voted December 14 to elect Member Malia Cohen as the new BOE chair effective January 1, and to retain V...
17
Dec
Texas Resident Owes California Tax
In an opinion that might be important reading for those considering moving out of California, the Office of Tax Appeals ruled in the Ap...
17
Dec
The Capitol Annex Will Soon Be Gone, but Not Forgotten
By CalTax Chief Tax Consultant David R. Doerr
It has been called ugly, old, inflexible, and not up to snuff with current code requirem...
03
Dec
State Revenue Nearly $16 Billion Ahead of Budget Projections
Through the first four months of the fiscal year, state revenue is $15.98 billion ahead of the amount projected in the budget enacted t...
03
Dec
State Forecasts $20.2 Billion Year-End Deficit in Unemployment Insurance Fund
California’s unemployment insurance (UI) fund will end the year with a $20.2 billion deficit, the Employment Development Department (ED...