Friday, March 1, 2024

Taxation

Local Tax Measures Totaling $3.9+ Billion on March Ballots

Local tax and bond measures that cumulatively would increase taxes by more than $3.9 billion will appear on March ballots up and down the...

Unemployment Insurance Tax Rates Up in 2024

For California’s employers, the new year brings new unemployment insurance (UI) tax increases. Governor Gavin Newsom’s annual budget proposal, released January 10, foresees belt tightening...

CalChamber-Opposed Bill Lowers Voter Threshold to Increase Property Taxes

A California Chamber of Commerce-opposed bill that lowers the voter threshold to increase local taxes, including property taxes, awaits action by the Assembly Appropriations...

Senate Democrats Propose Higher Taxes on Businesses

California Senate Democrats this week unveiled a proposal that would increase taxes on California businesses to compensate for budget shortfalls. If passed, certain businesses...

Despite Economic Ranking, California Has Third Worst Business Tax Climate in U.S.

California’s global rank among economies may be fifth, sixth or even fourth, but bragging rights make little difference to the day-to-day struggles that business...

Taxpayers’ Bill of Rights Public Hearing Scheduled for August 30

On August 30, the State Board of Equalization (BOE) will hold an annual public hearing on property taxes and the Alcoholic Beverage Tax to...

Film Tax, Manufacturing Tax Credit Bills Continue On

CalChamber recently released its eighth semi-annual California Chamber of Commerce Poll and the results were clear: two-thirds of voters believe the country is headed...

Bill Proposes New Tax Despite Huge State Surplus

Governor Gavin Newsom’s January budget proposal forecasted another historic surplus estimated to be approximately $45 billion. As 2022 marches on, that surplus continues to...

CalChamber-Led Effort Results in Small Business COVID-19 Relief

An effort led by the California Chamber of Commerce with the support of a large coalition of allied groups has resulted in passage of...

State Leaders Should Use Budget Surplus to Restore Tax Incentives, Repay UI Debt

Only 18 months ago, expecting a massive pandemic-induced collapse of economic activity, California finance officials predicted a staggering $54 billion state budget deficit. The...