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01 Sep

CalTaxletter No. 30: August 25, 2023

The Assembly Elections Committee voted August 23 to significantly limit Californians’ ability to change the tax system, approving ACA 13 (by Assembly Member Chris Ward and Assembly Speaker Robert Rivas), which would dramatically increase the vote threshold for any statewide initiative that seeks to increase vote requirements for state or local measures.

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01 Sep

CalTaxletter No. 29: August 18, 2023

The Office of Tax Appeals released 49 opinions August 1, including a “pending precedential” income/franchise tax opinion on the issue of whether a taxpayer’s apportionment percentage should reflect sales, property, and payroll amounts attributable to activities that did not generate net taxable income due to a special business deduction.

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23 Jun

CalTaxletter No. 23: June 23, 2023

    • State Budget: Revenue Falling Short of Projections, Department of Finance Reports
    • California Department of Tax and Fee Administration: Agency Won’t Enforce Challenged Amendments to Sales Tax Audit

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    16 Jun

    CalTaxletter No. 22: June 16, 2023

    • State Budget: Legislature Approves Placeholder Budget With No Corporate Tax Increase
    • California Tax Foundation: More Than $196.3 Billion a Year in Higher Taxes and Fees Under Consideration by Lawmakers

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