Franchise Tax Board – Page 2

California ‘Inflation Relief’ Checks Will Go Out Later This Week

October 4, 2022 2:30 amOctober 3, 2022 8:17 pm

This week, the first inflation relief checks for Californians, known as the Middle Class Tax Refund, are to be sent out. During the spring and summer, the Governor and state legislators butted heads on how to best hand out the...

Bill To End Tax-Exempt Status For ‘Insurrectionist’ Non-Profits Vetoed By Gov. Newsom

September 23, 2022 12:52 pm

A bill to end state tax-exempt status for nonprofit organizations that “participate in or incite efforts to overthrow the United States government or any state government” was vetoed by Governor Newsom on Thursday following polarizing votes in both houses of...

California Tax Budget Trailer Bill Review

August 27, 2022 5:47 pmAugust 27, 2022 6:01 pm

On August 26, Assembly Bill 158 by the Assembly Committee on Budget was gutted-and-amended to deal with tax relief. The bill would amend Sections 17053.71, 17131.8, 23628, and 24308.6 of, add Section 17053.75 to, and repeal and add Section 19551.3...

Businesses Were Promised a Hiring Tax Credit; It Never Materialized

May 4, 2022 10:05 amMay 4, 2022 7:50 am

By Craig Winchester and Chris Micheli In 2013, at the urging of Governor Jerry Brown, the Legislature passed and the Governor signed Assembly Bill 93 (Budget Committee; Ch. 69) to repeal California’s Enterprise Zone Program (“EZ”) and replace the program...

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...

BLM Shuts Down Online Fundraising in California, Washington Following State AG Warnings

February 3, 2022 11:45 amFebruary 4, 2022 6:28 am

The activist group Black Lives Matter (BLM) shut down all online fundraising Wednesday night due to an ongoing California Department of Justice warning that the group may lose their tax-exempt status if they don’t file delinquent proper tax forms and...

AG Rob Bonta Issues Warning Letter to Black Lives Matter Over Delinquent Tax Records

February 2, 2022 3:43 pm

Attorney General Rob Bonta warned activist group Black Lives Matter (BLM) this week that they are now delinquent in sending fees and filing tax forms with the state, and may face large fines and loss of tax-exempt status if the...