The Assembly voted 55-6 on June 1 to approve legislation that would establish an internet link tax in California (AB 886, Wicks).
California’s excise tax on gasoline will increase 4 cents per gallon and the diesel fuel tax will increase 3.1 cents per gallon effective July 1, the California Department of Tax and Fee Administration announced May 25.
Accountability is an ideal that is severely missing in our country today. People need to be accountable for their actions, especially when it’s about the responsibility of government to serve the people. If you believe that government owes a higher duty of accountability to taxpayers, then you will share my opposition to a recently proposed amendment to the California Constitution.
The state collected $7.49 billion in personal income tax revenue during the month of April – approximately $3.8 billion less than anticipated in Governor Gavin Newsom’s January budget proposal – according to the PIT revenue tracker maintained by the State Controller’s Office.
After a two-year appeals process that involved rehearing a petition for rehearing, the Office of Tax Appeals this week posted an opinion upholding the taxpayer’s unanimous victory in the Appeal of Starbuzz International Inc., relating to tobacco taxes.
Senate Democrats this week proposed increasing California’s corporate tax rate to 10.99 percent for income over $1.5 million, but the April 26 proposal was immediately dismissed by Governor Gavin Newsom’s office.
