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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Legislation overturning critical provisions of Proposition 13 by lowering the vote threshold for local special taxes was approved July 12 by the Assembly Local Government Committee.
By Los Angeles County Assessor Jeff Prang As you might imagine, the public is often unaware of what exactly county
Governor Gavin Newsom signed the 2023-24 state budget June 27 after reaching a privately negotiated agreement with Democratic legislative leaders
