Revenue and Taxation Code – California Globe

Exemptions from Tax Withholding in California

July 23, 2024 6:20 amJuly 23, 2024 6:29 am

California’s Unemployment Insurance Code, in Division 6, Chapter 3, provides for withholding exemptions. Section 13040 requires an employer to use the exemption certificate filed by the employee with the employer using the EDD form and required information for determining the...

Provisions of California Budget Taxation Trailer Bill

June 22, 2024 5:56 pmJune 22, 2024 6:00 pm

Assembly Bill 175 and Senate Bill 175 were amended on Saturday, June 22 to become the taxation budget trailer bill. The following is a summary of the bills’ provisions: Section 1 of the bill amends Public Resources Code Section 42885...

Pilot Program Bills Should Contain Certain Provisions

October 31, 2023 7:48 amOctober 31, 2023 8:11 am

Like bills creating or expanding tax expenditure programs (TEPs), I believe all pilot program bills should contain certain provisions. In my mind, pilot program bills should contain evaluation criteria and a sunset date. They should also contain findings and declarations...

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Why Do Tax Statutes Use Different Repeal Language?

October 16, 2023 2:49 pmOctober 16, 2023 5:20 pm

As readers know, the California Legislature occasionally places “sunset dates,” or “repealers,” in a bill so that the enacted statute will be repealed as of a specified date. This is usually accomplished by the following provision: This section shall remain...

SB 220: New Tax Increases and Relief Proposal

May 28, 2023 7:54 amMay 28, 2023 8:01 am

On May 25, the Senate Budget and Fiscal Review Committee gutted-and-amended Senate Bill 220 to put forth their tax reform package, which has received opposition from Governor Gavin Newman and would require a 2/3 vote of each house. Section 1...

AB 1105: Sale of Net Operating Losses

March 10, 2023 7:08 amMarch 10, 2023 7:10 am

Assembly Bill 1105 (Petrie-Norris) was recently amended to provide for the sale of net operating losses (NOLs). AB 1105 would amend Revenue and Taxation Code Sections 17276 and 24416, as well as add Revenue and Taxation Code Sections 17137 and...

AB 1951 – Full Exemption for Manufacturing Equipment Purchases

August 28, 2022 4:14 pmAugust 28, 2022 4:17 pm

Assembly Bill 1951 is off to the Governor’s Desk for final action prior to the September 30 deadline for Governor Newsom to act on measures. The bill is jointly authored by Assembly Members Grayson, Cooley, Cooper, Daly, Gipson, Petrie-Norris, Quirk-Silva,...