Tag: tax increase
VMT Rears its Ugly Head Again as ‘Congestion Pricing’ in LA
So the Los Angeles Times ran a story today all about possible “congestion pricing” schemes coming soon to certain roads in the LA area soon. While the article lauds the social engineering aspect of the concept – even quoting one...
Proposed Ballot Initiatives Raise Corporate Taxes to Pay For Climate Change Mitigation
Submitted to the California Attorney General in early November, two similar ballot measures (21-0037 and 21-0038) would address the reduction and mitigation of major sources of greenhouse gas emissions, paid for by major tax increases. Both measures have the same...
Proposed ‘Excise Tax’ Intentional Effort to Subvert the Will of California Voters?
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
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...
No More Second Home Mortgage Interest Deduction
Assemblyman Alex Lee (D-San Jose) introduced Assembly Bill 946 February 17, which would deny the deduction for a non-principal residence. The bill would amend Section 51342 of the Health and Safety Code and add Section 17226 to the Revenue and Taxation...
AB 71 Amended to add Tax Increases to Fund ‘Bring California Home Act’
Assembly Bill 71 was amended on January 12 to replace its intent language with dozens of pages of substantive amendments, including several major tax increase proposals. This article only examines the tax provisions of AB 71. The bill is jointly...