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Posts by CalTax

14 Jan
State Budget

Newsom Proposes Budget With Business Tax Relief Provisions

  • August 8, 2023
  • By author-avatar CalTax
On January 10, Governor Gavin Newsom released his budget for the 2022-23 fiscal year, a $286.4 billion plan that proposes restoration o...

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fragile economy snippet
14 Jan
Blast from the Past

Single-Payer Plan Would Harm State’s Economy, Editorials Warn

  • August 8, 2023
  • By author-avatar CalTax
“Supporters of Proposition 186, the single-payer health initiative on the November ballot, say it’s like Canada’s universal health care...

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State Capitol Sacramento slider
07 Jan
State Legislature

Lawmakers Return to Capitol, Introduce Major Tax Hike

  • August 8, 2023
  • By author-avatar CalTax
The Legislature returned to Sacramento this week to begin the final half of its two-year session, and Assembly Members Ash Kalra and Al...

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California slider 1
07 Jan
Local Tax Elections, Local Taxes

Parcel Tax Approved, Bond Measure Rejected in December Special Elections

  • August 8, 2023
  • By author-avatar CalTax
A local parcel tax passed and a bond failed in recent special elections, according to the final results released by elections officials...

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ca leaving slide
07 Jan
California's Competitiveness

Two California Firms Moving to Lower-Cost States

  • August 8, 2023
  • By author-avatar CalTax
Two California-based companies announced this week that they are moving operations to states with lower costs. Review Wave, a tech com...

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cohen
17 Dec
State Board of Equalization

Malia Cohen Elected Chair – and FTB Member – Effective January 1

  • August 8, 2023
  • By author-avatar CalTax
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...

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Texas
17 Dec
Office of Tax Appeals

Texas Resident Owes California Tax

  • August 8, 2023
  • By author-avatar CalTax
In an opinion that might be important reading for those considering moving out of California, the Office of Tax Appeals ruled in the Ap...

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17 Dec
Commentary

The Capitol Annex Will Soon Be Gone, but Not Forgotten

  • August 8, 2023
  • By author-avatar CalTax
By CalTax Chief Tax Consultant David R. Doerr It has been called ugly, old, inflexible, and not up to snuff with current code requirem...

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rotunda state capitol ca
03 Dec
State Budget

State Revenue Nearly $16 Billion Ahead of Budget Projections

  • August 8, 2023
  • By author-avatar CalTax
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...

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EDD Logo
03 Dec
Unemployment Insurance

State Forecasts $20.2 Billion Year-End Deficit in Unemployment Insurance Fund

  • August 8, 2023
  • By author-avatar CalTax
California’s unemployment insurance (UI) fund will end the year with a $20.2 billion deficit, the Employment Development Department (ED...

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