rental property – California Globe

Slay the Death Tax

January 16, 2024 4:19 pmJanuary 16, 2024 4:19 pm

Last week when Gov. Gavin Newsom was sharing his proposed 2024-2025 budget, he insisted that he was opposed to a proposed wealth tax. And sure enough, Assembly Bill 259 by Assemblyman Alex Lee (D-Palo Alto), which will impose an annual...

Proposed ‘Excise Tax’ Intentional Effort to Subvert the Will of California Voters?

February 22, 2021 4:42 pmFebruary 23, 2021 8:06 am

One of the newly proposed bills is Assembly Bill 1199 by Assemblyman Mike Gipson (D-Carson), to impose an annual excise tax for the privilege of renting or leasing out qualified property, as the Globe reported Friday. Our first reaction was this...

Excise Tax on CA Property Owners for Renting or Leasing Property in New Bill

February 19, 2021 6:54 amFebruary 19, 2021 6:56 am

On February 18, Assemblyman Mike Gipson (D-Carson) introduced Assembly Bill 1199, to impose an annual excise tax for the privilege of renting or leasing out qualified property. The bill would add Article 8 (commencing with Section 12280) to Chapter 3 of...