Small Business Relief Act Archives

AB 150, the Tax Budget Trailer Bill: What Does it Do Exactly?

July 16, 2021 2:59 pmJuly 18, 2021 8:14 pm

The Legislature passed and Governor Newsom signed on July 16 Assembly Bill 150, the tax budget trailer bill, by the Committee on Budget dealing with Sales and Use Tax Law, Personal Income Tax Law, and Corporation Tax Law. AB 150...

SB 104: Elective Tax and Small Business Relief Act

January 6, 2021 11:07 amJanuary 8, 2021 11:15 am

On January 5, Senators Mike McGuire and Anna Caballero introduced Senate Bill 104, which would create an “elective tax” for specified corporate entities. The bill would add and repeal California Revenue and Taxation Code (CRTC) Section 17132.9, as well as...