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State Taxes State and Local Government California

Faegre Drinker Biddle & Reath LLP

A Guide for Property Owners Affected by the 2025 Los Angeles and Ventura Wildfires

Los Angeles and Ventura counties continue to reel from the devastating firestorm that led Governor Newsom to declare a state of emergency on January 7, 2025. The resulting fires, including the Palisades, Eaton, Hurst, Lidia,...more

Pillsbury Winthrop Shaw Pittman LLP

California Governor Releases 2025 Budget Proposal to Move Banks and Financial Corporations to Single-Sales-Factor Apportionment

The proposal includes a shift to a single-sales-factor apportionment for financial institutions, aiming to increase tax revenue starting in tax year 2025....more

Nossaman LLP

IRS and California Provide Tax Relief for LA County Residents and Businesses

Nossaman LLP on

The IRS on Friday, January 10, 2025 extended tax payment and filing deadlines to October 15, 2025 for Los Angeles County individuals and businesses because of the recent fires. The California Governor’s office followed suit...more

Coblentz Patch Duffy & Bass

San Francisco Voters Enact Business Tax Changes

With support from nearly 70% of voters in the November 2024 election, Proposition M will substantially modify the San Francisco Business and Tax Regulations Code (the “SF Tax Code”), which imposes a number of taxes on...more

Pillsbury - SeeSalt Blog

California Imposes Further Disclosure Requirements for Local Sales Tax Sharing Agreements

Pillsbury - SeeSalt Blog on

On September 28, 2024, California enacted Assembly Bill 2854, which imposes new disclosure requirements on local agencies (i.e., chartered or general law cities and counties) that have entered into local sales tax sharing...more

Blank Rome LLP

California Governor Signs a Handful of Tax-Related Bills into Law

Blank Rome LLP on

This fall, California Governor Gavin Newsom signed several tax-related bills into law on a diverse array of topics ranging from the use tax to the gun tax. Use tax: On October 7, 2023, Governor Newsom signed a bill into...more

Pillsbury - SeeSalt Blog

California Extends Deadlines to File and Pay Taxes for Businesses and Individuals Affected by Severe Winter Storms

Following the IRS’s announcement of tax relief for 41 California counties* affected by severe winter storms, the California Franchise Tax Board (FTB) and California Department of Tax and Fee Administration (CDTFA) announced...more

Allen Matkins

The Legislature Has Recessed But Can It Still Pass Bills?

Allen Matkins on

Because this is the second year of California's current legislative biennium, the legislature went into final recess on August 31.  J.R. 51(b)(3).  This does not mean, however, that the legislature has adjourned.  A recess is...more

Vicente LLP

Gov. Newsom’s Budget Trailer Bill Makes Significant Reforms to California Cannabis Laws, Including Elimination of the Cannabis...

Vicente LLP on

On June 30, Gov. Gavin Newsom signed budget trailer bill Assembly Bill 195 (AB-195) into law. AB-195 contains several significant reforms to California’s cannabis laws. The most noteworthy changes are outlined below,...more

Sheppard Mullin Richter & Hampton LLP

California Cannabis Farmers May Finally Get Some Relief

Residents of California often complain about high taxes, but no one pays higher taxes than the cannabis industry. In addition to the Federal 280E penalties, the cannabis industry in California is subject to a 15% state-wide...more

Pillsbury - SeeSalt Blog

Only Simple Majority Required (Again!): California Court of Appeal Holds SF’s Proposition G Citizen Initiative Did Not Require...

California’s Court of Appeal again held that a special tax measure placed on the local ballot as a citizen initiative required only a simple majority, not a supermajority, vote to pass....more

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