AB 259 – California Globe

Gov. Gavin Newsom Announces Opposition to Wealth Tax Proposal

February 18, 2023 9:18 amFebruary 18, 2023 9:18 am

Governor Gavin Newsom announced his opposition to the AB 259 by Assemblyman Alex Lee (D-Silicon Valley), the wealth tax bill earlier this week, cementing that the bill would ultimately not be passed this year even if passed by both the Assembly...

New Bill Proposes Restaurant Tax Credit

March 4, 2021 6:50 amMarch 4, 2021 11:46 am

Assemblywoman Laurie Davies (R-Laguna Niguel) introduced Assembly Bill 259 to enact a tax credit for restaurants. The bill would add and repeal Section 23632 of the Revenue and Taxation Code. As a tax levy, the bill would take effect upon...