AB 80 – California Globe

Bill To Allow Some Businesses To Deduct PPP Loan Assistance Passes in Assembly

April 27, 2021 11:07 am

The California Assembly unanimously passed a small business tax break bill on Monday that would have the state give up on over $1 billion a year in tax revenue over the next 6 years. Assembly Bill 80, authored by Assemblywoman...

COVID Relief Act: Federal Tax Conformity Bill Finally Passes CA Legislature

April 26, 2021 2:07 pmApril 26, 2021 2:18 pm

On April 26, the Assembly gave final passage by a vote of 73-0 to Assembly Bill 80, authored by Assembly Revenue and Taxation Committee Chair Autumn Burke. Forty-eight Assembly Members are co-authors of the bill. AB 80 generally provides state...

Bill To Allow Some Businesses To Deduct PPP Loan Assistance Passes in Senate

April 20, 2021 2:37 amApril 19, 2021 5:59 pm

A bill that would give eligible businesses that received Paycheck Protection Program (PPP) loan assistance the power to deduct expenses on their taxes passed in the Senate on Monday over three months after it was first passed in the Assembly....

Will Federal Paycheck Protection Program Tax Conformity Ever Happen in California?

March 20, 2021 4:30 pmMarch 21, 2021 10:57 am

On February 17, Assembly Bill 80 was gutted and amended to be a budget trailer bill as part of the proposed “early action” package and Assemblywoman Autumn Burke (D-Marina del Rey) was made the author of the bill. AB 80...