Amended on June 10 (but “in print” on the Internet on June 8), Assembly Bill 167 and Senate Bill 167 were amended to be the taxation and revenues budget trailer bill in the California Legislature. SB 167 (Senate Budget &...
While the Governor and Legislature adopted similar proposals just four years ago at the outset of the pandemic, there are proposed significant, temporary tax increases on California’s business community in the budget proposals currently under consideration. The net operating loss...
As part of the 2020-21 California State budget, where the state’s fiscal year begins July 1, the Legislature passed and Governor Newsom is expected to sign AB 85 (Committee on Budget), which makes numerous tax law changes, including suspension of...