COVID: California Lawmakers Revive Virus Tax Break For BusinessesCalifornia lawmakers on Monday revived a multibillion-dollar tax break for some businesses after the Biden administration assured them the proposal would not jeopardize the state's own federal coronavirus aid.
Newsom, 6 Other Governors Call on Biden to Lift $10K Cap on Tax DeductionsCalifornia Gov. Gavin Newsom joined six other Democratic governors on Friday in calling on Pres. Joe Biden to lift the $10,000 cap on state and local tax deductions that was a part of former Pres. Donald Trump’s massive 2017 tax law.
Stimulus Check Update: How Much Money Will New Parents Receive?Parents of children born in 2020 are eligible for stimulus payments covering their dependents, if they meet the income requirements.
COVID Relief: Our Children Will Pay For These Trillion Dollar Stimulus PackagesSo far this year, the federal government has spent more than $3.5 trillion on COVID-19 relief and that’s before this latest stimulus package was approved. So where is all that money coming from? The answer is: our children.
Proposition 19 - California Voters Approve Makeover For Property Tax BreaksCalifornia voters gave the state's landmark 1978 law to limit property taxes a makeover Wednesday, passing a measure that gives exemptions to older homeowners, the disabled and wildfire victims and strips breaks from people who inherit homes but don't live in them.
Proposition 15: California Voters Reject Move To Dismantle Property Tax SystemCalifornia voters have rejected a proposal to partially dismantle the state’s 42-year-old cap on property taxes, a move that would have have raised taxes for many businesses in a pandemic-hobbled economy.
Poll: Voters Split Over Prop. 15 Property Tax Measure, Affirmative Action Prop. 16 TrailingA new poll finds California voters split over a measure that would change how commercial and industrial properties are taxed. Meanwhile, a measure repealing the state's ban on affirmative action is trailing by double digits.
Measure RR: San Francisco, San Mateo, Santa Clara Voters To Decide On Caltrain FundingWith Caltrain ridership plummeting during the coronavirus pandemic, a sales tax measure on the November ballot could provide a lifeline.
Prop 19 Debate: Funding For Fighting Wildfires Or Attack On Prop 13 Tax Protections?Proponents of Proposition 19 on the November ballot say it would raise much-needed money for fighting wildfires and provide help to wildfire victims. But others say it’s a thinly-disguised attack on Prop 13 tax protections.
Now Hiring: Newsom Signs Law Offering Credits To Small Businesses Devastated By PandemicWith millions of people out of work in California, Gov. Gavin Newsom on Wednesday signed a law giving tax breaks to small businesses that hire more workers over the next three months.
San Jose Voters To Decide On Expanding Police Auditor Powers, Card Room Tax HikeTwo new measures are heading for consideration by San Jose voters in November.
Paying Taxes Could Lead To Jury Duty Summons Under Proposed New LawPaying taxes in California could make you eligible for jury duty under a proposal backed by some prominent state lawmakers on Wednesday who worry the people deciding criminal and civil cases are “wealthier and whiter” than the population.
Contra Costa Voters May Consider Tax To Fund Emergency Services, Social ServicesThe Contra Costa County Board of Supervisors will proceed with pursuing a half-cent, 20-year sales tax measure for November's general election ballot.
Breaking News: Supreme Court Overwhelmingly Rules Manhattan DA Can Obtain Trump Tax RecordsThe Supreme Court on Thursday ruled that Manhattan's chief prosecutor can obtain troves of President Trump's business records and tax returns, a momentous defeat for the president in his efforts to shield his personal financial information from state investigators.
San Francisco Supes Place CEO Tax, Affordable Housing Plan On BallotSan Francisco supervisors introduced several charter amendments that will be decided by voters this November.