State Budget

22 Aug

Local Taxes, State Budget

State Revenue Collections Ahead of Projections, Department of Finance Reports

August 29, 2025
By California Taxpayers

State revenue is running slightly ahead of the projections upon which the recently enacted 2025-26 state budget was based, the Departme...

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16 May

Assembly Revenue and Taxation Committee, California Taxes, California's Competitiveness, Legislative Update, State Budget

State Should Reinstate R&D Credit and NOL Deduction, 23 Democratic Lawmakers Tell Governor

May 16, 2025
By California Taxpayers

A group of 23 Democratic state lawmakers is urging Governor Gavin Newsom to reinstate the research-and-development tax credit and net o...

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31 May

Commentary, State Budget

Budget Proposal Attacks Independence of Office Tax Appeals

June 7, 2024
By Rob Gutierrez

By CalTax Chief Tax Counsel Bart Baer One of Governor Gavin Newsom’s recently proposed business tax increases stands out for reasons...

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24 May

Half of Assembly Signs Letter Urging Rejection of Governor’s Proposals to Suspend NOL Deduction and Limit Tax Credits

May 24, 2024
By Rob Gutierrez

A bipartisan group of 40 state Assembly members – half of the house’s membership – signed a May 22 letter asking leadership to reject G...

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17 May

Governor Proposes $18 Billion Business Tax Increase to Reduce Budget Deficit

May 17, 2024
By Rob Gutierrez

Governor Gavin Newsom unveiled his May budget revision May 10, presenting a 2024-25 plan with provisions that cumulatively represent an...

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26 Apr

State Revenue Is 4 Percent Below Forecast for 2023-24 Fiscal Year

April 26, 2024
By Rob Gutierrez

General fund revenue was $243 million (1.6 percent) below the governor's budget forecast for March and $5.8 billion (4 percent) below t...

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26 Jan

Governor’s Proposal Would Limit Use of NOLs for All Tax Years, Budget Committee Told

January 26, 2024
By Rob Gutierrez

Governor Gavin Newsom’s budget proposal to increase business taxes by limiting the utilization of net operating loss deductions is more...

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30 Jun

Governor Signs Budget Bill After Reaching Agreement With Democratic Leaders

September 5, 2023
By California Taxpayers

Governor Gavin Newsom signed the 2023-24 state budget June 27 after reaching a privately negotiated agreement with Democratic legislati...

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16 Jun

Legislature Approves Placeholder Budget With No Corporate Tax Increase

September 5, 2023
By California Taxpayers

The Assembly and Senate approved a $311.7 billion budget bill June 15 with no broad-based tax increases, but legislative leaders indicated that changes will be made to the plan after negotiations with Governor Gavin Newsom conclude and when more accurate revenue projections are available after October tax payments are received.

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12 May

Tax Increases Off the Table in Budget Negotiations, Newsom Says

August 8, 2023
By California Taxpayers

Governor Gavin Newsom this morning released his revised state budget and said tax increases will not be included in the new budget. “H...

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