August 11, 2022
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Tag: California Department of Tax and Fee Administration

Manufacturing Equipment Tax Exemption Legislation Introduced

February 21, 2022   3:22 pmFebruary 21, 2022   3:28 pm
On February 10, Assembly Bill 1951 was introduced jointly by Assembly Members Tim Grayson, Ken Cooley, Jim Cooper, Tom Daly, Mike Gipson, Cottie Petrie-Norris, Sharon Quirk-Silva, James Ramos, Rudy Salas, Carlos Villapudua, and Jim Wood to improve the existing sales/use...
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California’s Highest-in-the-Nation Gas and Diesel Taxes

January 24, 2022   8:36 am
California has the nation’s highest prices for gasoline and diesel fuels, coming in as high as $5.57 per gallon of gas, according to AAA. The cost of a tank of gas for a Jeep Grand Cherokee with a 24.6 gallon...
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Marie Waldron

Leg Analyst Projects California Will Have $31 Billion Budget Surplus Next Year

November 18, 2021   11:43 amNovember 18, 2021   11:43 am
According to the 2022-2023 California state budget Fiscal Outlook report compiled by the Legislative Analyst’s Office (LAO) on Wednesday, California will have a $31 billion surplus next year. This marks the second budget year in a row where a large...
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Drafting Tax Statutes in California

October 21, 2021   6:48 amOctober 21, 2021   6:58 am
Like other particular areas of the law, drafting tax statutes can be a difficult task for any bill drafter. There are several issues that need to be addressed and that bill drafters should understand before undertaking the drafting of tax...
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Proposed ‘Excise Tax’ Intentional Effort to Subvert the Will of California Voters?

February 22, 2021   4:42 pmFebruary 23, 2021   8:06 am
One of the newly proposed bills is Assembly Bill 1199 by Assemblyman Mike Gipson (D-Carson), to impose an annual excise tax for the privilege of renting or leasing out qualified property, as the Globe reported Friday. Our first reaction was this...
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Mike A. Gipson

Excise Tax on CA Property Owners for Renting or Leasing Property in New Bill

February 19, 2021   6:54 amFebruary 19, 2021   6:56 am
On February 18, Assemblyman Mike Gipson (D-Carson) introduced Assembly Bill 1199, to impose an annual excise tax for the privilege of renting or leasing out qualified property. The bill would add Article 8 (commencing with Section 12280) to Chapter 3 of...
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AB 545 Requests UC Regents Review of Tax Expenditures

February 11, 2021   7:26 amFebruary 11, 2021   9:40 am
On February 10, Assemblyman Bill Quirk (D-Hayward) introduced Assembly Bill 545 to have the University of California conduct research on California’s tax expenditures. The bill would add Section 42 to the Revenue and Taxation Code. AB 545 would request the...
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