Page 2 - Taxation Code News Today

Prepare for new California workplace legal requirements effective January 1, 2024, now. Seyfarth has you covered with all the ways to protect your…

Seyfarth Synopsis: Prepare for new California workplace legal requirements effective January 1, 2024, now. Seyfarth has you covered with all the ways to protect your workplace just like...

Governor Newsom recently signed a slew of new bills into law at the close of California’s 2023 legislative session. Of those, there are several employment-related laws that California...

After the Camp Fire, the California legislature put forth laws that gave those with property in the burn scar area five years to take advantage of an emergency tax code that allows landowners to apply their base property value to the current property once construction has taken place or new property is purchased.

After the Camp Fire, the California legislature put forth laws that gave those with property in the burn scar area five years to take advantage of an emergency tax code that allows landowners to apply their base property value to the current property once construction has taken place or new property is purchased.

The August 2023 Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 5%, an increase from the July 2023 rate of 4.6%. The August applicable...

California Senate Bill 131 closes the tax loophole for Incomplete Gift Non-Grantor Trusts known as INGs and their Delaware form DINGs and Nevada form NINGs

The Los Angeles Office of Finance (Office of Finance) has released a new FAQ confirming that real property transfers that are exempt from the current City documentary transfer tax (to...

California’s Existing Partial Exemption for Statewide Sales and Use Tax Paid on Qualified Tangible Personal PropertyRTC section 6377.1 exempts from certain state sales and use taxes the...

California Assembly Bill 52 was amended to provide manufacturing equipment tax credit. Taxpayers could be authorized to take income tax credit for portion of local sales or use tax paid for equipment that otherwise would qualify for partial exemption.