Tag: Taxes

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,...

Business Groups Urge Restoration of Tax Credits, Net Operating Loss Deduction

The California Chamber of Commerce and a coalition of business groups are urging state legislators to restore the net operating loss deduction and business...

Job Killer Bills to Watch Ahead of House of Origin Deadline

Four California Chamber of Commerce job killer bills await action in the legislature this week as Friday marks the last day that non-tax bills...

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...
Capitol Insider

2021 Job Killers – Capitol Insider

For the 21st consecutive year, CalChamber is releasing our Job Killer list that identifies pending legislation that will significantly harm California’s business climate if...

IRS Extends Federal Tax Filing Deadline, California Follows Suit

On March 17, 2021 the Treasury Department and Internal Revenue Service announced that the federal income tax filing due date for individuals for the...

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...

Still Awaiting Results from Billions in New Taxes for Homelessness, Lawmakers Want Businesses to...

It was only a year ago that Governor Gavin Newsom devoted his entire State-of-the-State address to the dual challenges of housing and homelessness, calling...

Prop. 15 Fails: Voters Reject Largest Tax Hike in California History

Proposition 15, the largest property tax increase in California history, was declared defeated yesterday evening by a margin of more than 550,000 votes. The defeat...

Prop. 15 Fails: Voters Reject Largest Tax Hike in California History

Proposition 15, the largest property tax increase in California history, was declared defeated yesterday evening by a margin of more than 550,000 votes. The...

Vote No on Prop 15: 30 Newspapers Across California Reject Prop 15

In a show of force, 30 newspapers across California have urged their readers to vote no on Proposition 15, the $12.5 billion-a-year property tax...

The People’s Voice: Coronavirus Edition

California voters are understandably anxious about the health and economic crises facing families and workplaces. The California Chamber of Commerce commissioned a brief survey...

How to Sabotage a Recovery: Raise Taxes

Even before COVID-19, many Californians were struggling with the high cost of living here. The long-time willingness of many Californians to pay the “sunshine...

New Job Killer Bill Increases Taxes on Small Business During Economic Crisis

A bill that will impose a massive retroactive tax increase on California’s small businesses and taxpayers has been added to the California Chamber of...

Struggling Businesses Face Billions in Increased Taxes

2020’s recipe has proven to be equal parts unpredictable and incalculable with a heaping helping of calamity and lest we forget the generous scoop...

Governor Newsom Signs Executive Order to Help Small Business During Crisis

Yesterday, Governor Gavin Newsom signed an executive order that will provide some relief for small businesses struggling during the COVID-19 crisis.  The Governor's executive order ...
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...