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TAX LAW NEWS - TAX LITIGATION
From the category archives:
Los Angeles Mayor Antonio Villaraigosa proposed dismantling California’s Proposition 13, which helped begin a nationwide anti-tax movement, in favor of a “grand bargain” that would boost levies on business property.
The Democrat who leads California’s largest city called on Governor Jerry Brown not to shrink from making sweeping changes in state tax laws that Villaraigosa, 58, [...]
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A looming California electoral battle pitting powerful Internet retailer Amazon.com against the nation’s largest chain stores is expected to be fought on the issue of jobs — with each side saying its position is better for the state’s struggling economy.
Officially, the fight is over the sales tax and Amazon’s refusal to collect it under a [...]
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Amazon.com is calling a new sales-tax law in California unconstitutional. Amazon appears ready to challenge the law, which states that having affiliates in the state is the same as online retailers having a physical presence there.
Amazon is moving to terminate its affiliate program in California. In a letter to affiliates, Amazon said it will end [...]
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The California Legislature yesterday approved a state budget that will require online retailers to collect sales taxes from state residents. According to sponsors, the proposal will raise up to $200 million a year in additional revenue for the state.
Gov. Jerry Brown is expected to sign the budget bill into law, setting the stage for the [...]
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he state’s nonpartisan budget analyst testified Wednesday that a revenue-raising plan proposed by legislative Democrats would result in a net tax increase for most taxpayers with incomes from $20,000 to $200,000 a year, but joined other experts in praising the idea of changing state tax policy to take better advantage of federal tax law.
The plan [...]
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First-time home buyers will be eligible for a $10,000 tax credit under legislation signed this week by Gov. Arnold Schwarzenegger (R-Calif.)
The governor believes there is historical evidence from the San Joaquin Valley that suggests the tax credit could stimulate the economy.
“La Ventana Homes (in Fresno) saw a 300-percent increase in sales when the tax credit [...]
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Central Valley real estate agent Donny Piwowarski last year sold his four-bedroom, 3,500-square-foot house on a half-acre in Tracy for $387,000 — which was $378,000 less than he had paid for it in 2005. Now with tax-filing season here, his situation gets grimmer. If California tax law doesn’t change, Piwowarski may owe tens of thousands [...]
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With its state parks and summer schools on the chopping block, budget-busted California could see a $1.4 billion windfall if it legalizes and taxes the sale of marijuana, the state tax board found in an analysis that was published last week.
But a close look at that $1.4 billion figure raises a timely and important question:
What [...]
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California’s perpetual budget crisis and voters’ rejection of five budget-related ballot measures last week have renewed the perennial debate over whether Californians are, to borrow a comparison from “The Three Bears,” taxed too much, too little or just about right.
Much of the positioning is ideological, and therefore immune to being affected by data and fact.
Any [...]
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It’s crunch time for California’s taxpayers and their accountants alike in the rush to get state and federal income taxes postmarked in by tonight’s 11:59:59 p.m. deadline.
Some of my CPA friends can’t wait to teach their teenagers how to drive.
My other friends who are tax preparers are just looking forward to getting some sleep.
Another California [...]
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