28 May 2021 CalTaxletter No. 20 Public Opinion Poll: Jobs and Economy Are Top Priority for Californians, Poll Finds State Budget: Assembly and Senate Work Toward June 15 Budget Deadline Continue reading
21 May 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 Continue reading
14 May 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 Continue reading
07 May 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 Continue reading
30 Apr 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 Continue reading
23 Apr 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 Continue reading
16 Apr 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 Continue reading
09 Apr 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 Continue reading
26 Mar 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 Continue reading
19 Mar 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 Continue reading