Posts Tagged: retroactively

Flush with funds, state should now end 2020 business tax hikes

A photo illustration of California's tax code. (Image: Vitalii Vodolazskyi, via Shutterstock)

by CHRIS MICHELI posted 12.07.2021

OPINION: As part of the 2020-21 state budget accord, the governor and Legislature enacted AB 85,  a budget trailer bill that enacted several tax law changes, including a three-year suspension of the net operating loss deduction and a cap on the use of business tax credits.

CalPERS seeks legislation to fix pension error

CalPERS headquarters, downtown Sacramento. (Photo: CalPERS)

by ED MENDEL posted 01.22.2018

CalPERS wants unions and local government groups to come up with legislation that would retroactively correct a mistake that could lead to more pension cuts, like the 63 percent reduction last July in pensions promised about 200 former employees of LA Works.