September 18, 2023 California Bill Updates Qualified Purchaser Program Authored by: Brandon Vance, CPA and Katie Nguyen, CPA In 2009, California established the Qualified Purchaser Program to increase use tax collections. Under the Qualified Purchaser Program, the state mandates businesses register wi...
A TAX INCREASE FOR HIGHER WAGE EARNERS California has a short-term disability program that pays people who cannot work because of a non-work related illness, injury or pregnancy. The program is funded by a 1.1% tax on wages. In the past, this tax only applied to wages below a c...
California Passes Record Tax Increase; Action Taken to Close Largest State DeficitLou Cannon
California temporarily raised taxes on businesses to help offset what they thought would be a huge deficit. Instead, California posted record surpluses. That tax increase was scheduled to expire at the end of this year. Newsom wants to to end it one year early, which would...
California lawmakers appear unlikely to pause the annual summer increase in the state's gasoline tax ahead of a May 1 deadline, Gov. Gavin Newsom’s office said on Monday.
DeMaio points to the state government’s recent imposition of a quiet 1.1% income tax increase. “They got away with it, they got away with the gas tax increase — what’s to stop them from trying more tax hikes when they’re so emboldened?” asked DeMaio. Reform California’s ...
He started out with two good years of “blowing up the boxes” of government bureaucracy, cutting spending and canceling Davis’ unconstitutional car-tax increase. Unfortunately, he reversed his original vision and, thanks to his misrule, the state works less well than ever. I now regret suppor...
Through 2024, CRC expects to run a one rig program executing projects using existing permits. Subject to the availability of well permits, the Company expects to increase to a four rig program in the second half of 2024. The actual amount of spending related to oil and gas development u...
California Governor Gavin Newsom, as part of the state’s May budget revision process, proposed that the multiyear managed care organization (MCO) tax renewal have an effective date retroactive to April 1, 2023. This is nine months earlier than it was initially proposed to start. ...
“That’s a fundamental shift in power that separates (this measure) from all the other tax measures that have come before it,” she told the justices. The measure would also reclassify many government fees as taxes and apply retroactively to any increase approved...