Tag: Taxation

State Board of Equalization Holding Taxpayers’ Bill of Rights Hearing on August 24

On August 24, 2021, the State Board of Equalization (BOE) will hold the Taxpayers’ Bill of Rights Hearing virtually, starting at 10:00 a.m. According...

It’s Time to End 2020’s Emergency Tax Increases

In 2020 California passed a budget that reflected dire financial circumstances. A raging pandemic and shuttered economy led politicians and pundits to believe...

Clock Is Ticking On Legislative Action to Avert Employer Tax Increase

Like the rest of California society, employers are cautiously hopeful the worst of the pandemic has passed. The wreckage of human life, family health,...

Uncertainty Hurts R&D Investment That’s Key to State Competitiveness

California’s innovation-based economy pays economic dividends not only in our traditional technology hubs, but in every region of the state and in a wide...

CalChamber Commends Governor, Legislature for Providing Small Business Relief

The California Chamber of Commerce yesterday welcomed news that Governor Gavin Newsom signed into law a measure that will bring California into partial conformity...

CalChamber Commends Governor, Legislature for Providing Small Business Relief

The California Chamber of Commerce today issued the following statement in response to Governor Gavin Newsom's signature on AB 80 (Burke; D-Inglewood), a measure...

Legislators Urge End to Business Tax Increase: Restoration of NOL Deductions and Business Incentive...

A bipartisan group of 25 California Legislators led by Assemblymember Evan Low (D-Campbell) is urging Assembly Budget leadership to immediately end a tax increase...

Policy Briefing – Tax Fatigue

(January 22, 2021) Moderated by Preston Young, CalChamber policy advocate, the briefing featured presentations by experts on state and local tax impacts, plus a study...

California’s Challenge: Transforming Crisis to Opportunity

For much of our history, California was the land of opportunity because we were opportunistic. Whether by luck, agility or careful planning, we leveraged...

Governor’s Recovery Plan is Clear: Stop Increasing Taxes!

As discussed in my earlier blog this week, in September, Governor Newsom publicly expressed his opposition to new state tax increases. Yesterday, he unveiled...

Now is Not the Time for Tax Increases

When Governor Newsom endorsed Prop 15 in September – which voters soundly rejected in November – he specifically said “In a global, mobile economy,...

Proposition 15 Defeated, Now What?

Proposition 15 was defeated by over 600,000 votes and California managed to avoid another landmine on the road to economic recovery. The initiative would...

California’s Riddling Business Climate

As the clock struck midnight on August 31, one of the most unpredictable legislative sessions in California history came to a close. On the...

The Private Sector Cannot be California’s Safety Net

The California Chamber of Commerce and a coalition of employer groups this week voiced concerns about the feasibility of the wildfire smoke protection emergency...

IRS and FTB Extend Tax Filing Deadline as Emergency Measure

In a move intended to relieve some of the financial pressure invoked by the coronavirus, Treasury Secretary Steven Mnuchin announced the IRS has moved...
Health Tax

The HIT Keeps Coming for Employers – Capitol Insider

In September, the IRS published a notice indicating the Health Insurance Tax (HIT), which is mandated by the Affordable Care Act, would be back...

CalChamber Adds New Health Care and Taxation Policy Advocate

Preston R. Young joined the California Chamber of Commerce in October 2019 as a policy advocate, specializing in health care policy and taxation issues. Young...

Multiple Entities Could Gain Power to Increase Property Taxes with Just 55% Vote of...

Hundreds of local special districts could gain the ability to increase property taxes with just a 55% majority vote if a proposed constitutional amendment...

Carbon-Based Sales Tax Study Bill to Be Considered in Senate Committee

A California Chamber of Commerce-opposed-unless-amended bill that will increase costs and place regulatory burdens on businesses is scheduled to be heard in the Senate...

Proposed Carbon Tax: So. Many. Questions.

Last week, CalChamber’s tax and privacy guru Sarah Boot wrote about her surprise that a California legislator would introduce a “carbon tax” bill that...