New Wealth Tax Proposal in California in Assembly Bill 2289

February 17, 2022 4:15 pmFebruary 17, 2022 6:04 pm

On February 16, Assembly Member Alex Lee, along with co-authors Assembly Members Wendy Carrillo, Ash Kalra, Luz Rivas, and Mark Stone, introduced Assembly Bill 2289 to create a wealth tax in California. The bill would amend Section 12651 of the...

Amended Wealth Tax Bill to Impose 1% Upon the Worldwide Net Worth of CA Residents Worth Over $25M

March 26, 2021 6:54 amMarch 26, 2021 8:14 am

On March 24, Assembly Members Miguel Santiago, Lorena Gonzalez, Ash Kalra, and Mark Stone amended Assembly Bill 310 to implement a proposed wealth tax. The bill would add Part 27 (commencing with Section 50301) to Division 2 of the Revenue...

Governor Newsom Issues His First Vetoes

July 16, 2019 7:36 amJuly 16, 2019 7:36 am

Last week Gov. Gavin Newsom signed 116 bills, and issued his first vetoes. AB 603 by Assemblywoman Melissa Melendez (R-Lake Elsinore), would allow retired peace officers of California State University to carry a concealed weapon, just as peace officers of...

California Fur Ban: Assemblywoman Friedman Calls it a ‘Statement of Wealth and Fashion’

March 27, 2019 2:05 amMarch 27, 2019 3:39 pm

Hawaii may be the first state to ban fur products. While this may seem laughable given the balmy tropical climate, a California lawmaker is also trying to ban fur products and clothing, ahead of the Hawaii ban, despite the many...