Franchise Tax Board – Page 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...

SEIU Labor Union Leader Resigns Following Embezzlement, Tax Fraud Charges

October 14, 2021 2:17 amApril 3, 2022 7:58 am

On Wednesday, Alma Hernandez, the Executive Director for Service Employees International Union (SEIU), the largest labor union in California resigned after her and her husband, Jose Moscoso, were charged by California Attorney General Rob Bonta on numerous embezzlement and tax...

Statewide Universal Basic Income Bill Passes Assembly Committee With Funding Source Unclear

April 27, 2021 2:48 pmApril 28, 2021 2:49 pm

A bill that would give most Californians over the age of 18 $1,000 a month, costing the state between $67-129 billion a year, was passed in the Assembly Revenue and Taxation Committee on Monday. According to Assembly Bill 65, authored...

COVID Relief Act: Federal Tax Conformity Bill Finally Passes CA Legislature

April 26, 2021 2:07 pmApril 26, 2021 2:18 pm

On April 26, the Assembly gave final passage by a vote of 73-0 to Assembly Bill 80, authored by Assembly Revenue and Taxation Committee Chair Autumn Burke. Forty-eight Assembly Members are co-authors of the bill. AB 80 generally provides state...