Franchise Tax Board Archives - Page 2 of 6

AG Rob Bonta Issues Warning Letter to Black Lives Matter Over Delinquent Tax Records

February 2, 2022 3:43 pm

Attorney General Rob Bonta warned activist group Black Lives Matter (BLM) this week that they are now delinquent in sending fees and filing tax forms with the state, and may face large fines and loss of tax-exempt status if the...

SEIU Labor Union Leader Resigns Following Embezzlement, Tax Fraud Charges

October 14, 2021 2:17 amApril 3, 2022 7:58 am

On Wednesday, Alma Hernandez, the Executive Director for Service Employees International Union (SEIU), the largest labor union in California resigned after her and her husband, Jose Moscoso, were charged by California Attorney General Rob Bonta on numerous embezzlement and tax...

Statewide Universal Basic Income Bill Passes Assembly Committee With Funding Source Unclear

April 27, 2021 2:48 pmApril 28, 2021 2:49 pm

A bill that would give most Californians over the age of 18 $1,000 a month, costing the state between $67-129 billion a year, was passed in the Assembly Revenue and Taxation Committee on Monday. According to Assembly Bill 65, authored...

COVID Relief Act: Federal Tax Conformity Bill Finally Passes CA Legislature

April 26, 2021 2:07 pmApril 26, 2021 2:18 pm

On April 26, the Assembly gave final passage by a vote of 73-0 to Assembly Bill 80, authored by Assembly Revenue and Taxation Committee Chair Autumn Burke. Forty-eight Assembly Members are co-authors of the bill. AB 80 generally provides state...

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...

AB 88: Stimulus Payments Trailer Bill

March 1, 2021 3:09 pmMarch 4, 2021 11:48 am

On March 1, Assembly Bill 88 was gutted-and-amended as one of the COVID-19 relief measures. As a budget trailer bill, it will take effect immediately once chaptered. The bill is authored by the Assembly Committee on Budget and will amend...