Assembly Revenue and Taxation Committee

Bill to Make Wildfire Settlements Exempt From State Income Tax Approved By Assembly Revenue And Taxation Comm.

July 3, 2024 2:55 amJuly 3, 2024 2:56 am

A bill to make all wildfire settlement payments tax free was approved by the Assembly Revenue and Taxation Committee on Tuesday, moving the bill to the Assembly Appropriations Committee. Senate Bill 1004, authored by Senator Scott Wilk (R-Santa Clarita), would...

Statewide Universal Basic Income Bill Passes Assembly Committee With Funding Source Unclear

April 27, 2021 2:48 pmApril 28, 2021 2:49 pm

A bill that would give most Californians over the age of 18 $1,000 a month, costing the state between $67-129 billion a year, was passed in the Assembly Revenue and Taxation Committee on Monday. According to Assembly Bill 65, authored...

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...