January 30, 2023
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Tag: Personal Income Tax Law

Gov. Newsom Signs SB 144 to Enhance Film and TV Tax Credits

July 21, 2021   3:52 pmJuly 22, 2021   8:15 am
On July 21, Governor Newsom signed Senate Bill 144 by State Senator Anthony Portantino (D-Pasadena) to enhance California’s film and television tax credits. SB 144 is Chapter 114.  The bill amends Sections 38.9, 17053.98, 19393, and 23698 and adds Section...
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AB 150, the Tax Budget Trailer Bill: What Does it Do Exactly?

July 16, 2021   2:59 pmJuly 18, 2021   8:14 pm
The Legislature passed and Governor Newsom signed on July 16 Assembly Bill 150, the tax budget trailer bill, by the Committee on Budget dealing with Sales and Use Tax Law, Personal Income Tax Law, and Corporation Tax Law. AB 150...
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Miguel Santiago

Amended Wealth Tax Bill to Impose 1% Upon the Worldwide Net Worth of CA Residents Worth Over $25M

March 26, 2021   6:54 amMarch 26, 2021   8:14 am
On March 24, Assembly Members Miguel Santiago, Lorena Gonzalez, Ash Kalra, and Mark Stone amended Assembly Bill 310 to implement a proposed wealth tax. The bill would add Part 27 (commencing with Section 50301) to Division 2 of the Revenue...
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SB 49 Would Provide COVID Relief for Business License Fees

February 4, 2021   7:11 amFebruary 5, 2021   1:42 pm
As amended February 1, Senate Bill 49 by Senator Tom Umberg (D-Santa Ana) would provide an exemption from license fees imposed on businesses. It would add Sections 16000.9 and 16100.9 to the Business and Professions Code, add Section 8627.9 to...
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California State Assembly

Two New Tax Bills Arise in Waning Days of Session

August 29, 2020   6:58 amAugust 29, 2020   7:01 am
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...
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