Senator John M. W. Moorlach, R-Costa Mesa, issued the following statement following the Senate Governance and Finance Committee’s Informational Hearing on AB 1253, a measure that proposes to increase income tax rates: AB 1253, a tax-the-rich scheme, is a bad idea. Here are five reasons why: 1) California already has …continue reading
State Controller Betty T. Yee today launched her annual online tracker for April personal income tax (PIT) receipts under unique circumstances necessitated by the COVID-19 pandemic. While April 15 is usually the PIT filing deadline – and April the highest-grossing month for PIT receipts – California’s Franchise Tax Board (FTB) …continue reading
[On Friday, March 13], the Franchise Tax Board (FTB) announced special tax relief for California taxpayers affected by the COVID-19 pandemic. Affected taxpayers are granted an extension to file 2019 California tax returns and make certain payments until June 15, 2020, in line with Governor Newsom’s March 12 Executive Order. …continue reading
State Senator Brian Jones (R-Santee) announced today he is coauthoring Senate Bill 1071, along with Senators Scott Wilk (R-Santa Clarita), Bob Archuleta (D-Pico Rivera) and Pat Bates (R-Laguna Niguel). SB 1071 will exempt military retirement pay from the state’s income tax. “Our state should be encouraging military retirees to make …continue reading