taxes – Page 5 – California Globe

California’s Gubernatorial Candidates Need to Show True Grit

May 5, 2021 2:45 amMarch 22, 2022 11:38 am

In a recent Facebook post, one of the many Republican candidates hoping to replace Governor Newsom had this to say: “Californians can’t afford to make ends meet because Gavin Newsom and his allies keep raising taxes. We need to make our...

New Bill is Work-Around to Federal State and Local Tax Deduction

March 10, 2021 11:32 amMarch 10, 2021 12:28 pm

Senators Mike McGuire (D- Healdsburg,) and Anna Caballero (D-Salinas) made amendments on March 9 to their Senate Bill 104, which is a “work-around” to the federal state and local tax (SALT) limitation. The bill would add and repeal Section 17052.10...

Tax Amnesty Program Proposed for CA Businesses Struggling to Survive

February 21, 2021 1:11 pmFebruary 23, 2021 8:05 am

February 16, Assemblywoman Blanca Rubio (D-Baldwin Park) introduced Assembly Bill 879 to create a tax amnesty program in the state. The bill would add Section 19777.6 to, to add Article 1.7 (commencing with Section 7067) to Chapter 8 of Part...

New Bill to Suspend Annual Tax Payments for Small Business

February 13, 2021 6:13 pmFebruary 13, 2021 6:14 pm

On February 12, Assembly Member Frank Bigelow introduced Assembly Bill 664 to suspend annual tax payments for small businesses. The bill would amend Sections 17935, 17941, 17948, and 19001, and add Section 19001.5 to the Revenue and Taxation Code. This...

Governor Newsom Vetoes Tax Disclosure Bill

September 30, 2020 6:13 amSeptember 30, 2020 6:19 am

On September 29, Governor Gavin Newsom vetoed SB 972, by Senator Nancy Skinner (D-Oakland). The bill would have added Section 19571.5 to the Revenue and Taxation Code to require the Franchise Tax Board (FTB) to produce a report listing corporate...

Gov. Newsom Signs Bill to Protect Sex Offenders Who Have Homosexual Sex with Minors

September 12, 2020 1:57 pmSeptember 13, 2020 4:23 am

California’s Democrat Governor Gavin Newsom just signed Senate Bill 145, which lowers the penalties for adults who have sex with same-sex minors. As Senator Melissa Melendez Tweeted, “Well what a shock. Newsom signed SB145, the bill that allows a 24...

Sex and Taxes: Legislators’ Annual Preoccupation

September 1, 2020 10:13 amSeptember 1, 2020 10:49 am

“Tis impossible to be sure of any thing but Death and Taxes,” the popular idiom says. But in California it is more accurate to say “sex and taxes.” With California in dire financial straits having been locked down since March,...