21 Aug Local Taxes, November Election Voters Will Decide Fate of 245 Local Tax and Bond Measures in November August 8, 2023 By CalTax When Californians go to the polls November 3, they not only will decide the fate of a massive property tax increase (Proposition 15), b...Continue reading
14 Aug Legislative Update Lawmakers Introduce Union-Backed ‘Wealth Tax,’ but Say it Won’t Advance August 8, 2023 By CalTax Assembly Member Rob Bonta hosted a teleconference August 13 to unveil legislation to “establish a first-in-the-nation net worth tax” th...Continue reading
14 Aug Property Tax, Property Tax Revenue Property Tax Revenue Increases in Contra Costa County, as Assessed Values Hit Record High August 8, 2023 By CalTax Contra Costa County will benefit from an increase in property tax dollars, as the assessed value of taxable property increased almost 5...Continue reading
07 Aug Legislature Committee Holds No-Vote Hearing on Proposed Tax Hike on Income Over $1 Million August 8, 2023 By CalTax The Senate Governance and Finance Committee held a no-vote hearing August 3 on a union-backed proposal that would impose a large, retro...Continue reading
07 Aug Office of Tax Appeals UC Regents Participated in Donor’s Tax-Avoidance Scheme, OTA Rules August 8, 2023 By CalTax The Office of Tax Appeals posted 143 opinions to its website this week, including one involving the University of California Board of R...Continue reading
31 Jul Waste, Fraud, & Mismanagement State Receives Little Information on Billions Spent for Mental Health August 8, 2023 By CalTax The state spends heavily on mental health care programs under the Lanterman-Petris-Short Act, but state officials lack sufficient infor...Continue reading
31 Jul Personal Income Tax Union-Backed ‘Millionaire’s Tax’ Introduced in Final Month of Session August 8, 2023 By CalTax With just one month left in the two-year legislative session, a group of lawmakers this week introduced a union-backed proposal that wo...Continue reading
24 Jul State Board of Equalization Assessor Warns of Residential Assessment Errors if Split-Roll Initiative Passes August 8, 2023 By CalTax If voters approve Proposition 15 in November, residential property assessments are likely to become less accurate as assessors are forc...Continue reading
10 Jul Waste, Fraud, & Mismanagement State Board Attempts to Mislead Auditors and Falsify Data August 8, 2023 By CalTax Executive at the Board of Registered Nursing (BRN) “violated state law when they falsified data to deceive the State Auditor’s Office,”...Continue reading
10 Jul Property Tax Property Tax Revenue Increasing Statewide, Assessment Roll Data Indicates August 8, 2023 By CalTax It is likely that local governments throughout the state will enjoy increases in their property tax revenue, based on assessment roll d...Continue reading