2019 CalTaxletter No. 25
Governor Gavin Newsom signed the state budget bill (AB 74, Ting) on June 27, putting in place a $214.8 billion state spending plan for the fiscal year that begins July 1.
Governor Gavin Newsom signed the state budget bill (AB 74, Ting) on June 27, putting in place a $214.8 billion state spending plan for the fiscal year that begins July 1.
Both houses of the Legislature this week approved Governor Gavin Newsom’s proposal to selectively conform to federal laws, most of which are changes contained in the Tax Cuts and Jobs Act of 2017, sending the legislation (AB 91, Burke) to the governor…
The California budget process continued this week as the joint Budget Conference Committee met June 3 and June 4 to discuss differences between Governor Gavin Newsom’s proposals and those of the Assembly and Senate.
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Governor Gavin Newsom on May 9 released his revised budget for the 2019-20 fiscal year, proposing total state spending of $213.6 billion, an increase of $12.2 billion (approximately 6 percent) more than the budget approved for 2018-19.
The Senate Governance and Finance Committee voted 6-0 on May 1 to approve a bill establishing a new state board to study business-related “tax expenditures,” after the author agreed to the committee’s proposed amendments that deleted …
The state government’s personal income tax revenue as of April 25 was more than $4.5 billion higher than last year’s collections at the same point in the fiscal year, the Legislative Analyst’s Office reported.
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There was activity this week in the pending litigation over whether San Francisco’s Measure C gross receipts tax passed or failed in the November election. On April 9, the California Business Properties Association, the Howard Jarvis Taxpayers Association and the California Business Roundtable …