California Tax Blog

Helping Taxpayers Throughout California

Rex Halverson

2014 Tax Extenders Act (H.R. 5771)

The House voted December 3rd to extend tax breaks through the end of 2014. The bill contained about 50 provisions benefiting individuals, businesses and non-profits. The bill now goes to the Senate for approval. Some of the larger tax breaks are noted below: Individual Tax Breaks Extended – Amends the Internal Revenue Code to extend

Read More »

Internet Tax Freedom Act

Open Letter to Senators Dianne Feinstein & Barbara Boxer, I understand that the extension of the moratorium on Internet access taxes will expire on December 11, and I urge you to pass H.R. 3086, the Permanent Internet Tax Freedom Act, to make the moratorium permanent before we reach that deadline. I was actively involved in

Read More »

California Competes Tax Credit Woefully Inadequate

The California Competes Tax Credit is an income tax credit available to businesses that want to locate in California or stay and grow in California. Tax credit agreements are negotiated by GO- Biz and approved by a statutorily created “California Competes Tax Credit Committee,” consisting of the State Treasurer, the Director of the Department of

Read More »