Posts Tagged: tax
News
Gov. Brown’s call for a special legislative session to fix California’s crumbling roads, highways and bridges comes as music to the ears of those who build big projects. For months, groups representing labor, contractors, local governments, transportation interests and others worked on legislation to revamp the state’s roads and ease the movement of freight at the state’s ports. That legislation may serve as the centerpiece of the special session.
Opinion
With news this week that California’s tax revenues came in $6-$8 billion stronger than previous estimates, California now has an undeniable choice: a high road that lifts up all our people and strengthens our state, or a low road that ignores the nearly one in four residents who live below the poverty line in the wealthiest state in the nation.
News
Calpensions: Employer and employee groups are urging CalPERS to “undertake all efforts” to avoid the “Cadillac Tax,” a 40 percent tax on high-cost health plans imposed in 2018 by President Obama’s health care law, a CalPERS staff report said this month. But it’s far from clear that one of those efforts will be Gov. Brown’s proposal to give state workers the option of a low-cost plan with a high deductible, even though the administration mentions the looming penalty tax as a reason for offering the plan.
News
A U.S. Supreme Court ruling in January weakens the “vested rights” protection of retiree health care based on a labor contract, potentially making it easier for government employers to cut a growing cost. The high court overturned an influential federal appeals court ruling that said retiree health care authorized by a short-term labor contract is presumed to be a lifetime benefit, unless the contract has clear language to the contrary.
News
Permission slips covering an array of fuels used in California – and which account for nearly 40 percent of the state’s carbon emissions – will be put on the auction block as part of the state’s landmark law to curb climate-changing greenhouse gases.
News
Likely voters in California are starting off the new year with some new-found optimism about the governor, the economy and — wait for it — the Legislature, according to a new survey released late Wednesday by the Public Policy Institute of California.
News
Californians concerned about an internet service tax can breathe easier — at least for a year. The federal law known as the Internet Tax Freedom Act, or IFTA, was extended Wednesday. It has been extended several times since it was passed in 1998.
News
By next week, consumers could see their internet service subject to taxation. Currently, internet service providers do not charge state or local sales tax, thanks to a piece of federal legislation called the Internet Tax Freedom Act. But that law, authored 16 years ago by former California Congressman Chris Cox and U.S. Sen. Ron Wyden of Oregon, will expire on Dec. 11 unless Congress acts to extend it or make it permanent.
News
Jean Shiomoto, who grew up on a pear farm in the Delta, has one of the toughest jobs in California – she runs the Department of Motor Vehicles. In this car-happy state – by one estimate, L.A. County alone has 5.9 million registered automobiles, more than all but five states – anything do with with automobiles is a big deal.
Opinion
OPINION: So, while the program is certainly generating revenue for the state, is it working? Eighteen months in, it appears the answer is yes. Firms affected by the requirements say that they are paying attention to it, that they believe it’s here to stay, and that it’s prompted them to look at ways to reduce emissions. In recent interviews with cement industry stakeholders we learned that companies are factoring the carbon price into their analysis of investment opportunities.
Downtown Los Angeles, as traffic zips along. (Photo: Sean Pavone)
