Revenue and Taxation Code – Page 2

California Tax Budget Trailer Bill Review

August 27, 2022 5:47 pmAugust 27, 2022 6:01 pm

On August 26, Assembly Bill 158 by the Assembly Committee on Budget was gutted-and-amended to deal with tax relief. The bill would amend Sections 17053.71, 17131.8, 23628, and 24308.6 of, add Section 17053.75 to, and repeal and add Section 19551.3...

SB 851 – Small Business Relief Act

August 27, 2022 11:52 amAugust 27, 2022 11:56 am

Senator Anthony Portantino (D-La Canada-Flintridge) gutted-and-amended his Senate Bill 851 on August 25 to modify the pass-through entity elective tax, which is California’s effort to work around the federal government’s limitation of $10,000 on deducting state and local taxes on...

Is This the Single Longest Code Section Among California Laws?

June 13, 2022 2:56 pmJune 13, 2022 2:58 pm

After spending weeks reviewing all of the more than 155,000 statutes contained in California’s 29 Codes, I came across many that are short in length and many that are quite long. A few long ones stood out to me, including...

What Is a Section 2230 Waiver in California Legislation?

April 2, 2022 7:40 amApril 2, 2022 7:45 am

When readers are looking at bills that affect the California Revenue and Taxation Code, they might come across the following provision that would be near the end of a bill: Notwithstanding Section 2230 of the Revenue and Taxation Code, no...

California State Assembly nearly empty except for a few folks in the balcony.

Appropriating Funds or Not in California Bills

March 16, 2022 6:55 amMarch 16, 2022 6:56 am

California bills can and do appropriate monies from the General Fund or special funds. In other bills, appropriations are specifically not made, even though they may otherwise be required by existing law. Subject to an appropriation in the annual Budget...

Manufacturing Equipment Tax Exemption Legislation Introduced

February 21, 2022 3:22 pmFebruary 21, 2022 3:28 pm

On February 10, Assembly Bill 1951 was introduced jointly by Assembly Members Tim Grayson, Ken Cooley, Jim Cooper, Tom Daly, Mike Gipson, Cottie Petrie-Norris, Sharon Quirk-Silva, James Ramos, Rudy Salas, Carlos Villapudua, and Jim Wood to improve the existing sales/use...

California’s Work Opportunity Tax Credit

February 21, 2022 6:52 amFebruary 21, 2022 6:59 am

On February 18, Senators Anna Caballero and Monique Limon introduced Senate Bill 1349 to create a work opportunity tax credit. The bill would add Sections 17053.10 and 23621.1 to the Revenue and Taxation Code. Section One of the bill would...