The Office of Tax Appeals released 41 opinions April 3, including one marked pending precedential – a 3-0 decision upholding the Franchise Tax Board’s position in a dispute over the taxpayers’ gain from the sale of qualified small business stock (the Appeal of R. Nag and S. Rudd).
Former CalTax President Teressa Casazza was honored with the inaugural David R. Doerr Medal for Excellence in Tax Policy on March 23 during CalTax’s 97th Annual Meeting in Sacramento.
Despite the discovery that she plagiarized much of her writing, Jean McCorquodale will keep the $1 million given to her by Santa Clara County to write a book about the county’s history, the San Jose Mercury News reported March 13.
The San Francisco Unified School District board voted March 15 to allocate an additional $5.1 million toward fixing the school district’s payroll system, San Francisco Examiner reported March 15, noting that this brings “the total cost of the troubled software to $30 million.”
California’s New Employment Credit has remained underutilized due to the complexity of claiming the credit, according to testimony at a March 8 hearing of the Senate Governance and Finance Committee.
State Controller Malia Cohen announced February 28 that California has joined MissingMoney.com, a free national website created to reunite people with unclaimed property.
California’s administration of the Unclaimed Property Law (UPL) does not violate residents’ constitutional rights, the First District Court of Appeal ruled February 28, siding with State Controller Malia Cohen and dismissing a class-action suit filed a decade ago.
