capital gains Archives - California Globe

New Bill Would Increase Capital Gains Exclusion On Homes Sold To First-Time Buyers

March 1, 2021 5:14 pmMarch 4, 2021 11:48 am

On Monday, a new bill that would incentivize homeowners to sell their homes to first-time buyers received additional support before it’s committee assignment later this month. Senate Bill 601, authored by Senator Rosilicie Ochoa Bogh (R-Yucaipa), would increase the capital...

Deja Vu: Another Wealth Tax Bill Introduced in Assembly to Combat Homelessness

December 11, 2020 2:38 pmDecember 23, 2020 8:07 am

A new bill was introduced in the Assembly this week that would simultaneously increase corporate taxes, raise income taxes on citizens making over $1 million a year, and eliminate corporate tax “loopholes.” Assembly Bill 71, jointly authored by Assembly members...