tax levy – California Globe

Some Stats from the 2021-22 Legislative Session

September 3, 2022 2:30 pmSeptember 3, 2022 2:34 pm

As the 2021-22 California Legislative Session draws to a close, and because I am a geek about these types of things, the following are several legislative data items, which could make for good cocktail party trivia (????): There were 4,476...

What Is a Tax Levy in California Legislation?

April 9, 2022 9:31 amApril 9, 2022 9:36 am

There is often confusion regarding whether a bill is a tax levy or not, and what a “tax levy” means. A common misconception is that a tax levy is a bill that proposes a tax increase. The determination of whether...

Drafting Tax Statutes in California

October 21, 2021 6:48 amOctober 21, 2021 6:58 am

Like other particular areas of the law, drafting tax statutes can be a difficult task for any bill drafter. There are several issues that need to be addressed and that bill drafters should understand before undertaking the drafting of tax...

Millionaire’s Tax Bill Would Create Additional Tax on CA Millionaires

March 26, 2021 7:29 amMarch 26, 2021 7:39 am

On March 24, Assembly Members Miguel Santiago, Lorena Gonzalez, Ash Kalra, Alex Lee, Wendy Carrillo, Reggie Jones-Sawyer, and Buffy Wicks amended Assembly Bill 1253 to create an additional tax on millionaires. The bill would add Section 17044 to the Revenue...

California Wealth Tax Proposed in Constitutional Amendment

March 23, 2021 11:23 amMarch 26, 2021 6:48 am

On March 22, Assembly Members Alex Lee, Wendy Carrillo, Lorena Gonzalez, Miguel Santiago, Ash Kalra, Luz Rivas, and Mark Stone introduced Assembly Constitutional Amendment 8 to propose a wealth tax to be placed before the voters. Officially, ACA 8 is...

California Work Opportunity Tax Credit

March 12, 2021 6:51 amMarch 12, 2021 7:00 am

On March 10, State Senator Monique Limon (D-Santa Barbara) amended her Senate Bill 553 to create a state work opportunity tax credit (WOTC). The bill would add and repeal Sections 17053.71 and 23672 of the Revenue and Taxation Code. As...

‘Time Stealing’ Regulations for ‘The Wealth Tax’

August 17, 2020 1:14 pmAugust 17, 2020 7:58 pm

Can you imagine having to do an inventory and net worth calculation every year? Let alone potentially being audited and having to prove that values were not intentionally understated? It’s not only financial robbery, it’s time theft! – Senator John...