Bring California Home Fund – California Globe

AB 71 Amended to add Tax Increases to Fund ‘Bring California Home Act’

January 13, 2021 3:53 pmJanuary 13, 2021 4:17 pm

Assembly Bill 71 was amended on January 12 to replace its intent language with dozens of pages of substantive amendments, including several major tax increase proposals. This article only examines the tax provisions of AB 71. The bill is jointly...

Deja Vu: Another Wealth Tax Bill Introduced in Assembly to Combat Homelessness

December 11, 2020 2:38 pmDecember 23, 2020 8:07 am

A new bill was introduced in the Assembly this week that would simultaneously increase corporate taxes, raise income taxes on citizens making over $1 million a year, and eliminate corporate tax “loopholes.” Assembly Bill 71, jointly authored by Assembly members...

AB 71 – $2.4 Billion Tax Hike to Create a ‘Statewide Homelessness Solutions’ Program?

December 8, 2020 5:18 pmJanuary 13, 2021 3:46 pm

On December 7, the first day of the California Legislature’s 2021-22 Session, Assembly Members Luz Rivas and David Chiu introduced AB 71, which would create a “statewide homelessness solutions program.” Currently, the bill is a statement of legislative intent. However,...