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 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
Bill	CSBA POSITION	COMM.	FLOOR	COMM.	FLOOR	Governor
AB 1881 – Tran Sale and use tax (SUT)	No Position
AB 1925 – Eng Business and professional licenses	Oppose
AB 1926 – Horton SUT interest	Support
AB 1952 – Berg Veteran license tax	Watch
AB 2114 – Villines & Ma Corporation tax law	Support
AB 2178 – Garrick Min. Franchise tax	Support
AB 2292 – Garrick Health savings accounts	Support
AB 2488 – Houston Income & corporation tax	Support
SB 1628 – Ducheny & Wiggins SUT destination management	Watch

KEY:

= PASSED

= UNDER CONSIDERATION

= DIED / FAILED PASSAGE

Updated: June 12, 2008

BILL SUMMARIES

AB 1881 – Tran: Sales and use tax: interest abatement: Stops the accrual of interest on unpaid sales and use tax (SUT) liabilities during the pendency of a Chapter 7 bankruptcy proceeding of a small business.

AB 1925 – Eng: Franchise Tax Board: business and professional licenses: This bill would require a state governmental licensing entity issuing professional licenses, certificates, registrations, or permits to provide to the Franchise Tax Board the name and social security number or federal identification number of each licensee of that entity.

AB 1926 – Horton: Sales and use taxes: interest: This bill would delete the requirement that interest on overpayments be based on the rate of 13-week treasury bills and would instead require that interest on both underpayments and overpayments be determined in accordance with the specified federal statute, as modified.

AB 1952 – Berg: Business licensing: exemptions: veterans: This bill would remove the requirement that certain ex-military personnel who are exempt of specified state and local business license taxes or fees be physically unable to obtain a livelihood by manual labor.

AB 2114 – Villines & Ma: The Corporation Tax Law: allocation and apportionment: This bill, for taxable years beginning on or after January 1, 2008, would allow a taxpayer that is a member of the apportioning trade or business to elect, by contracting with the Franchise Tax Board, as provided, to apportion its business income to this state by utilizing one of the revised apportionment formulas, as specified. This bill would take effect immediately as a tax levy.

AB 2178 – Garrick: Minimum franchise tax: Lowers franchise tax on businesses who don't meet the requirements to become exempt, from $800 to $200 annually.

AB 2292 – Garrick: Income tax: health savings accounts: This bill would, for taxable years beginning on and after January 1, 2008, allow a deduction in connection with health savings accounts in conformity with federal law.

AB 2488 – Houston: Income and corporation taxes: deductions: depreciation: allow a taxpayer to take a deduction for depreciation, with respect to specified qualified capital expenditures that reduce greenhouse gas emissions and specified qualified capital investments for renewable energy, over a 3-year period.

SB 1628 – Ducheny & Wiggins: Sales and use taxes: consumer: destination management company: This bill would provide that a qualified destination management company is a consumer, and not a retailer, of tangible personal property it provides to its clients pursuant to a qualified contract for destination management services, and would state the intent of the Legislature that this act is declaratory of existing law.

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