Lassen Volcanic National Park

2021 CalTaxletter No. 19

    • State Budget: Legislative Analyst Says Governor’s Definition of “Surplus” Includes $38 Billion in Required Spending
      Legislative Update: Business Tax Legislation Advances to Assembly Floor, Amnesty Measure Held in Committee
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    Red Hill in Sonoma

    2021 CalTaxletter No. 18

    • State Budget: Newsom’s Revised Budget Includes $65.6 Billion Spending Increase, No New Taxes
      Legislative Update: Business Tax Measure and Others Put on Suspense in Appropriations Committees
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    Point Lobos from Carmel Highlands CA

    2021 CalTaxletter No. 17

    • California Tax Foundation: California Lawmakers Propose $234 Billion in Higher Taxes and Fees
      Legislative Update: Restoration of NOLs and Tax Credits for Biosciences Placed in Suspense File
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    Coronado Island CA

    2021 CalTaxletter No. 16

    • Legislative Update: Housing Committee Approves AB 71, ‘Conforming’ to GILTI and Effectively Gutting Water’s Edge
      State Budget: California’s Tax Revenue Is $16.7 Billion Above Projections
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    San Jose State University Tower Hall

    2021 CalTaxletter No. 15

    • Assembly Revenue and Taxation Committee: Committee Approves AB 71, “Conforming” to GILTI and Effectively Gutting Water’s Edge
      State Budget: State Spending Limit Is “Major Issue,” Analyst Reports, Indicating Any New Tax Hikes Might Have to Be Refunded
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    Lake Tahoe

    2021 CalTaxletter No. 14

    • California Tax Foundation: California Tax Foundation Releases New Edition of “California Tax Facts”
      Legislative Update: Committee Approves Phone Charge to Fund High-Speed Internet Expansion
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    Palace of Fine Arts

    2021 CalTaxletter No. 13

    • Federal COVID Relief Measure: Conformity Legislation OK Under Federal Law on Tax Cuts, Treasury Department Says
      Legislative Update: False Claims Act Provisions Added to Wealth Tax Bill
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    Pasadena City Hall

    2021 CalTaxletter No. 12

    • Legislative Update: Lawmakers Amend Corporate Tax Increase Bill, Propose Another Personal Income Tax Increase
      Federal COVID Relief Measure: State Finance Director Asks for Flexible Interpretation of Federal Law
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    The Santa Barbara Mission Church

    2021 CalTaxletter No. 11

    • Federal COVID-19 Relief Legislation: CalTax Asks U.S. Treasury Secretary for Formal Guidance on New Federal Law’s Effect on State Tax Reductions 
      Election Update: With More Than 2.1 Signatures Submitted, Newsom Says Recall Election Appears Imminent
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