Tag: Earned Income Tax Credit
Gov. Newsom Signs $7.6 Billion COVID-19 Economic Relief Package Into Law
On Tuesday, Governor Gavin Newsom signed a $7.6 billion COVID-19 economic relief package less than a day after it had passed both the Senate and Assembly. The relief package, known through it’s bill designation as Senate Bill 87, focuses on...
Gov. Newsom, Legislature Announce New $9.6 Billion COVID-19 Economic Relief Package
On Wednesday, Governor Gavin Newsom, Senate President pro Tempore Toni Atkins (D-San Diego), and Assembly Speaker Anthony Rendon (D-Lakewood) announced that they reached an agreement on a new economic relief package worth $9.6 billion. The package, which aims at relief...
Two New Tax Bills Arise in Waning Days of Session
On August 28, Assembly Bill 1876 was amended to make a series of tax law changes. AB 1876 is authored by the Assembly Committee on Budget and it would amend Section 17052 of the Revenue and Taxation Code. As a...
Ambitious Reforms in Place to Combat Poverty in California
Gone is one of Newsom’s most ground-breaking proposals – expanding coverage for about 27,000 undocumented seniors When the economy was booming and revenues were high, California made some bold moves to address the state’s crushing poverty rate. Now Gov....
Tax Preparer Bill That Would Give All Costs Up Front Passes Assembly
On Monday the Assembly passed a bill that would make all tax preparers legally bound to provide all costs and fees up front to all clients. Under Assembly Bill 1140, authored by Assemblyman Mark Stone (D-Monterey Bay), a fully written...