Franchise Tax Board Archives - Page 5 of 6

Overview of Gov. Newsom’s Retroactive ‘Revenue Raising Proposals’ in the May Budget Revise

May 24, 2020 4:01 pmMay 24, 2020 4:09 pm

As part of his May Budget Revision (the “May Revise”), Governor Newsom proposed several “revenue raising solutions.” The Governor’s Department of Finance has just released the proposed budget trailer bill language to implement this revenue raisers. The first proposal is...

Controversial Home Mortage Deduction Cap Bill Withdrawn in Assembly

May 21, 2020 4:30 pmMay 21, 2020 7:26 pm

On Tuesday, the divisive Assembly Bill 1905, which would have limited mortgage interest deductions (MIDs) on primary and secondary homes to fund homeless programs, was withdrawn only hours before it was scheduled to be heard during the Assembly Housing and...

Governor’s Executive Orders Impact State Tax Obligations

April 6, 2020 6:15 amApril 6, 2020 6:20 am

On March 30, 2020, Governor Gavin Newsom issued Executive Order N-40-20 which is intended to “provide relief to California small businesses.” This particular Executive Order (EO) has a number of provisions related to state tax laws which are intended to...

Non-Profit Organizations Would Not Have to Pay Filing Fees Under SB 934

February 24, 2020 1:41 pmFebruary 25, 2020 9:58 am

Late last week a new bill that would eliminate California Franchise Tax Board (FTB) filing fees for non-profit organizations was introduced to the Senate. Senate Bill 934, introduced by Senator Patricia Bates (R-Laguna Niguel), would get rid of the current...

California State Agencies and Their Role in Public Policy

September 16, 2019 2:25 amSeptember 15, 2019 9:16 pm

California’s agencies, as well as the departments, boards and commissions under them, engage in a tremendous amount of public policymaking through both the rule making process, and their interpretation and enforcement of existing statutes and regulations. These agencies are the...

Assembly Kills 50 Percent of Republican Assemblyman Steven Choi’s Bills Under New Rule

June 4, 2019 2:15 amJune 10, 2019 12:25 pm

Assemblyman Steven Choi (R-Irvine) wants to know why fifty percent of his bills have been killed prior to ever receiving a public committee hearing. “Some have never been agendized,” Choi said in an interview. “The committee chair killed them, or...

California’s Pillage People Lose Marathon Tax War

May 13, 2019 6:03 pmMay 14, 2019 11:09 am

“California wins last round of $25 million, 26-year tax fight with wealthy inventor,” read the headline on Emily Cadei’s May 13 story in the Sacramento Bee. Those who have followed the story might consider the last round a win for...