Is It Time for a Federal Tax Conformity Bill in California?

January 28, 2023 3:06 pmJanuary 29, 2023 10:42 am

The tax laws of most states are an off-shoot of the federal tax laws contained in the Internal Revenue Code (IRC). In California, the general rule is that California only conforms to federal law as it was in effect on...

California Voters Approve Over $3.0 Billion Per Year in New Local Taxes

January 24, 2023 7:27 amJanuary 26, 2023 1:30 pm

When state ballot initiatives propose new taxes, it’s big news. This past November, voters rejected Proposition 30, which would have added another 1.75 percent tax on personal income above $2.0 million. The arguments for and against Prop. 30 were litigated in...

California Lost Double The Number Of Companies In 2021 Than Previous Year New Report Finds

November 3, 2022 8:37 pmNovember 3, 2022 8:40 pm

According to a new Stanford University Hoover Institution report released on Thursday, the rate at which companies have been leaving California has risen dramatically since 2018, with the 153 company headquarters relocations in 2021, more than doubling the 75 that...

More Businesses Leaving California In 2021 Than In Any Other Year Prior According To New Analysis

August 30, 2021 3:26 pmSeptember 1, 2021 11:40 am

A new analysis recently released by the Hoover Institution of Stanford University found that the number of businesses leaving California in 2021 has significantly picked up compared to the previous three years. According to the analysis, California has seen 265...

John Cox, Caitlyn Jenner Release First Recall Campaign Ads

May 4, 2021 11:06 am

Republican Recall candidates John Cox and Caitlyn Jenner released their first ads of their respective campaigns on Tuesday, with both candidates attacking Governor Gavin Newsom and state Democrats while also taking wildly different advertising approaches. John Cox, who lost the...

Prop 15 Officially Defeated, 1978 ‘Tax Revolt’ Law Preserved

November 12, 2020 6:13 pm

Late on Wednesday, Proposition 15, which would have allowed tax reassessments on commercial and industrial properties every 3 years rather than being based on the purchase price plus 2% each year, was defeated after a final statewide vote tally. After...

California Has 2nd Worst Taxpayer ROI WalletHub Study Reports

March 24, 2020 7:20 am

With Tax Day on Americans minds, even with the federal government allowing taxpayers to defer payment without penalty due to the coronavirus pandemic, California just placed 49th – second to last – in Wallet Hub’s Return on Investment study of...