Page 65 - State Controller News Today

Updated on February 23, 2021 at 6:03 pm Getty Images State Controller Betty T. Yee Tuesday reminded Southern California homeowners affected by recent wildfires that they have more time to apply for the Property Tax Postponement program. Administered by the State Controllers Office, PTP allows homeowners who are seniors, are blind, or have a disability and who meet income, equity and other requirements, to delay payment of property taxes on their primary residence. Download our mobile app for i...

The Franchise Tax Board today announced a suspension of its income tax refund offset program until July 31.

A trio of bills from local Assemblymember Rebecca Bauer-Kahan (D-Orinda) were introduced in the State Legislature last week, two focusing on climate change and the other addressing gendered language in the California Government Code.

In New York, bodegas collect sales taxes and send them on to local and state governments. Grocery stores and dry cleaners and restaurants do the same. So why, in a state whose largest single industry is finance, are purchases of stocks, bonds and similar instruments exempt?

Some of the simpler online claims can be paid in as quickly as two weeks, state Controller Betty Yee said. There is no time limit or fee for filing a claim. California’s Unclaimed Property Law requires banks, insurance companies, corporations, and certain other entities to report and submit their customers’ property to the State Controller’s Office when there has been no activity for a period of time, generally three years, according to the state controllers website. Before unclaimed prop...

By R.J. Johnson - @rickerthewriter Feb 4, 2021 You know that feeling when you stumble on a forgotten $20 dollar bill stuffed into an old winter jacket? Well, Californias State Controllers Office is safeguarding more than $10.2 billion thats just waiting to be retrieved by its rightful owners. California state law requires that banks, insurance companies, corporations and other types of businesses submit any customer property that has gone untouched for a certain period of time - usually aroun...

School districts across the Santa Clarita Valley endured an ever-changing school year that included sudden classroom-setting changes, cancelation of events and now a significant decrease in student enrollment — which has led to some teachers receiving notices about potential layoffs if the funding situation doesn’t improve. The Centers for Disease Control and Prevention reduced physical distancing guidelines from 6 feet to 3 feet in a classroom setting, but local school districts cannot ma...

Family members of 17-year-old Pedro Roman announced Monday the Valencia High School student died, following a recent relapse of his cancer. Pedro was diagnosed with acute lymphoblastic leukemia in 2019. Since his diagnosis, support and love has poured in for Pedro and his family. Football teammates shaved their heads in support of him undergoing chemotherapy, and the student section at Valencia High School honored him with banners and T-shirts showing his name during one of their football games...

Submitted to the Tribune SOUTH LAKE TAHOE, Calif. — Tax season has begun at the Franchise Tax Board. Every year FTB provides taxpayers with a list of important updates and reminders for the upcoming tax season. “We encourage all Californians to make use of our online services, including the ability to file a state return online for free and quickly secure a refund,” said State Controller and FTB Chair Betty Yee. “More people than ever will qualify for key state tax credits, including th...

Failure to allocate billions in available dollars while North Carolinians suffer is beyond the pale For decades, community leaders have pleaded with General Assembly members for expanded access to health care, housing supports, and educational opportunities. When COVID-19 and economic recession began to ravage communities and small businesses, state agencies joined the chorus of advocates asking for more public resources to help respond to the pandemic. Today, additional state dollars are neede...