AB 1253 Archives

Jeffrey Gundlach, Other Wealthy Californians Threaten To Leave California If Wealth Tax Is Passed

September 29, 2020 2:37 amSeptember 28, 2020 8:39 pm

During the weekend, a new round of wealthy Californians, including Billionaire Jeffrey Gundlach, threatened to leave California should the new proposed wealth tax be passed, putting pressure on lawmakers who hope to pass the proposed bill next session. Wealth tax...

Assembly Bill To Raise Taxes For Higher Income Earners Faces Tough Legislative Votes

August 3, 2020 1:01 pmAugust 4, 2020 8:09 pm

On Monday, a recently amended bill that would increase taxes on small businesses and taxpayers making over $1 million of taxable income a year began it’s month-long fight to be passed and approved by the end of the legislative session...

Massive New Tax Increase Proposed

July 28, 2020 10:20 amJuly 29, 2020 11:26 am

Gutting-and-amending a bill originally related to local governments in the Public Resources Code, Assembly Bill 1253 now proposes a massive tax increase on thousands of sole proprietors and high-income Californians. AB 1253 was amended on July 27, the Legislature’s first...