Sunday, May 11, 2008
 
Tax, Budget, and Infrastructure

CSBA supports balanced state budget including budget reform, without an increase in taxes. Taregt areas are any increases in the cost of doing business in California including, unemployment tax and corporate franchise tax. We support taxes for e-commerce, the elimination of the minimum corporate franchise tax in non-profitable years and a carryover of net operating losses to conform to federal tax laws.


Chair

Lee Petillon
Phone: 310-543-0500
Email: lpetillon@corplawp-h.com


Legislative Bills

 

Bill

CSBA POSITION

House of Origin

Second House

Governor

COMM.
FLOOR
COMM.
FLOOR

AB 85 – Nakanishi

Tax Credit-HSA

SUPPORT

 

       

AB 955 – Plescia

Taxation

WATCH

 

       

AB 1152 – Niello

Sales and use tax
WATCH

 

       

AB 1179 – Garrick

Minimum annual tax
SUPPORT

 

       

AB 1272 – Arambula

Ca. infrastructure and Econ. Dev. Bank
SUPPORT

 

       

AB 1370 – Hayashi

Income and corporation taxes
SUPPORT
   

AB 1398 – Arambula

Economic development areas
SUPPORT

 

       

AB 1443 – DeVore

Income and corporation taxes
SUPPORT

 

       

AB 1527 – Arambula

Income and corporation taxes
SUPPORT

 

       

SB 151 – Denham

Income taxation
SUPPORT

 

       

SB 199 – Harman

Sales and use tax
SUPPORT

 

       

SB 670 – Correa

Real property transfer fee
WATCH

 

       
KEY: = PASSED

= UNDER CONSIDERATION

= DIED / FAILED PASSAGE


Updated: November 16, 2007



BILL SUMMARIES

AB 85 – Nakanishi: Health Savings Accounts: Similar to other HSA's such as Harmans' SB 199 and Runners' SB 25.

AB 955 – Plescia: Taxation: Authorizes a credit against taxes imposed by the Personal Income Tax Law and the Corporation Tax Law in a small business.

AB 1152 – Niello: Sales and use tax: Declares the intent of the Legislature is to exempt taxes for the sale, storage, use or consumption of certain manufacturing equipment used for manufacturing.

AB 1179 – Garrick: Minimum annual tax: Lowers a minimum franchise tax from $800 to $100 for corporations incorporated in this state.

AB 1272 – Arambula: California Infrastructure and Economic Development Bank: Requires the bank to establish a program that assists small and rural communities in obtaining financing for infrastructure projects.

AB 1370 – Hayashi: Income and corporation taxes: net operating loss: Allows for net operating losses to be carried forward for the 20 year period following the year in which the loss was deducted.

AB 1398 – Arambula: Targeted economic development areas: tax credits: Authorizes one hiring credit for qualified taxpayers who hire qualified employees within a targeted economic development area.

AB 1443 – DeVore: Income and corporation taxes: Would reduce the specified rates set by the Personal Income Tax Law and the Corporation Tax Law.

AB 1527 – Arambula: Income and corporation taxes: Cleantech Advantage Act of 2008: Would authorize a credit against taxes in an amount to equal to 8% of amount paid or incurred by qualified tax payer for Cleantech manufacturing activities.

SB 151 – Denham: Income taxation: Would authorize a credit against taxes in an amount equal to the amount paid during the taxable year for qualified health expenses.

SB 199 – Harman: Income and corporation taxes: Would authorize a credit against taxes imposed by Personal Income Tax Law and the Corporation Tax Law for each taxable year, in an amount to equal to 15% of amount paid or incurred by qualified tax payer. Other similar HAS bills such as Nakanishis' AB 85, Plescias' AB 142 and Runners' SB 25.

SB 670 – Correa: Real property: transfer fees: This bill is trying to stop a common practice by homebuilders of placing a long-term tax on the transfer of every property.

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