tax credits Archives - California Globe

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...

Restoring Obamacare in California

June 11, 2019 2:44 pmJune 12, 2019 10:36 am

“On his first day in office, Gov. Gavin Newsom unveiled a sweeping health care plan that would prop up the Affordable Care Act, expand health care for undocumented immigrants and give the state new powers to negotiate drug prices.” That...

Job Killers: Business Tax Increases Pending Passage by CA Legislature

June 11, 2019 7:40 amJune 11, 2019 7:48 am

Chris Micheli posted a list of pending tax legislation of particular interest to the California business community. These bills are continuing through the legislative process, awaiting passage. Some of these bills are on the Cal Chamber Job Killer list. “These...

Assembly Kills 50 Percent of Republican Assemblyman Steven Choi’s Bills Under New Rule

June 4, 2019 2:15 amJune 10, 2019 12:25 pm

Assemblyman Steven Choi (R-Irvine) wants to know why fifty percent of his bills have been killed prior to ever receiving a public committee hearing. “Some have never been agendized,” Choi said in an interview. “The committee chair killed them, or...

Bill to Repeal California Tax Credits = Backdoor Tax Increase

May 29, 2019 2:05 amJune 10, 2019 12:30 pm

The $65.2 billion per year in various California income tax credits, deductions, exemptions, and exclusions, is now being targeted under the guise of “transparency and accountability.” Senate Bill 468 by Sen. Hannah Beth Jackson (D-Santa Barbara), would not only seek...

New Assembly Rule Could Kill Democrats’ and Bipartisan Bills Before Committee Votes

May 13, 2019 2:14 pmMay 14, 2019 4:48 pm

Two California lawmakers are proposing bipartisan legislation to help small businesses succeed, and to encourage investment growth in California by lowering the minimum franchise tax. However, a new rule in the Assembly, which allows committee chairmen and women to refuse...