In the latest decision in the long-running litigation between the Franchise Tax Board and Nevada inventor Gilbert Hyatt, the U.S. Supreme Court on April 19 affirmed a Nevada Supreme Court ruling in favor of Mr. Hyatt, except with respect to the amount of damages.
Compared to projections when the state budget was signed last summer, revenue for the first nine months of the fiscal year is $2.26 billion higher than expected, with both the corporation tax and the personal income tax exceeding estimates, State Controller Betty Yee reported April 11.
In its April 15 edition, the Los Angeles Times ran a story headlined: “California minimum wage hike hits L.A. apparel industry: ‘The exodus has begun.’”.
San Francisco Assessor Says Airnbnb Hosts Must Pay Businesss Personal Property Tax on Household Items
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The California Taxpayers Association is a nonpartisan, nonprofit organization founded in 1926 to protect taxpayers from unnecessary taxes and to promote government efficiency. We serve our members through research and advocacy on significant tax and spending issues in the legislative, executive and judicial branches of government.