FTB Archives - California Globe

California ‘Inflation Relief’ Checks Will Go Out Later This Week

October 4, 2022 2:30 amOctober 3, 2022 8:17 pm

This week, the first inflation relief checks for Californians, known as the Middle Class Tax Refund, are to be sent out. During the spring and summer, the Governor and state legislators butted heads on how to best hand out the...

Bill To End Tax-Exempt Status For ‘Insurrectionist’ Non-Profits Vetoed By Gov. Newsom

September 23, 2022 12:52 pm

A bill to end state tax-exempt status for nonprofit organizations that “participate in or incite efforts to overthrow the United States government or any state government” was vetoed by Governor Newsom on Thursday following polarizing votes in both houses of...

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...

California Tax Board Prepares For Release of Golden State Stimulus II Payments

August 25, 2021 4:01 pmAugust 26, 2021 11:37 am

The California Franchise Tax Board updated their website on Wednesday in preparation for California’s largest stimulus program in history, the Golden State Stimulus II, to begin disbursement next week. Golden State Stimulus II was first proposed in May when Governor...

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...

Senator Patricia Bates authored SB 57. (Kevin Sanders for California Globe)

Gov. Newsom Signs Bill To Eliminate Non-Profit State Filing Fees

September 10, 2020 2:20 pm

On Thursday, Governor Gavin Newsom signed into a law a bill that will remove California Franchise Tax Board (FTB) filing fees for non-profit organizations applying for state tax exemptions. Senate Bill 934, authored by Senator Patricia Bates (R-Laguna Niguel), will...

Assembly Bill To Raise Taxes For Higher Income Earners Faces Tough Legislative Votes

August 3, 2020 1:01 pmAugust 4, 2020 8:09 pm

On Monday, a recently amended bill that would increase taxes on small businesses and taxpayers making over $1 million of taxable income a year began it’s month-long fight to be passed and approved by the end of the legislative session...