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California Legislature OK s tax break for small businesses

By ADAM BEAM Associated Press SACRAMENTO, Calif. (AP) â The California Legislature approved a major tax break for small businesses on Monday, voting to give up as much as $6.8 billion in revenue over the next six years so that struggling business owners can have smaller bills. The federal government loaned more than $97 billion to California small businesses during the coronavirus pandemic, and most business owners did not have to pay that money back. Business owners used most of that money to pay the salaries of their employees, which prevented â or at least delayed â layoffs during the pandemic. In December, Congress said business owners could deduct expenses associated with those loans from their federal taxes. The bill that passed the California Legislature on Monday would let business owners deduct those expenses from their state taxes, too.

United statesGavin newsomLos angelesJaec hongAnthony samsonAssembly speaker anthony rendonCalifornia legislatureAssociated pressCalifornia legislature onTaxation committeeCalifornia new car dealers associationAssembly revenueAnalyst officeOlvera streetAssemblywoman autumn burkeCalifornia new car dealers

California Legislature OK s tax break for small businesses - Santa Monica Daily Press

ADAM BEAM, Associated Press The California Legislature approved a major tax break for small businesses on Monday, voting to give up as much as $6.8 billion in revenue over the next six years so that struggling business owners can have smaller bills. The federal government loaned more than $97 billion to California small businesses during the coronavirus pandemic, and most business owners did not have to pay that money back. Business owners used most of that money to pay the salaries of their employees, which prevented or at least delayed layoffs during the pandemic. In December, Congress said business owners could deduct expenses associated with those loans from their federal taxes. The bill that passed the California Legislature on Monday would let business owners deduct those expenses from their state taxes, too.

United statesGavin newsomKelly seyartoAnthony samsonAssembly speaker anthony rendonCalifornia legislatureAssociated pressCalifornia legislature onTaxation committeeCalifornia new car dealers associationAssembly revenueAnalyst officeAssemblywoman autumn burkeCalifornia new car dealersLegislative analystCalifornia department

1 6 million signatures + No taxes on free money + Mayors want gun violence prevention funding

1.6 million signatures + No taxes on free money + Mayors want gun violence prevention funding Sacramento Bee 17 mins ago Andrew Sheeler, The Sacramento Bee Apr. 27 Good morning and welcome to the A.M. Alert! RECALL TO BE HELD THIS FALL Via Lara Korte. Here we go, folks. The effort to recall Gavin Newsom officially has enough signatures to trigger an election, Secretary of State Shirley Weber confirmed Monday afternoon. As of April 26, there are 1,626,042 valid recall signatures, well over the 1.5 million needed to trigger an election. Don t mark your calendars just yet, though. Next comes a 30 day withdrawal period where anyone can have their signature removed from the recall petition. To do so, voters have to submit the request to the county elections official where the voter lived at the time they signed the petition.

United statesLong beachSolana beachUniversity of floridaSan diegoSan franciscoKim bojMarilyn ezzy ashcraftOrrin heatliePatrick fureyMichael mcdonaldTodd gloriaSam liccardoToni atkinsGavin newsomBarbara halliday

California Legislature OK s Tax Break for Small Businesses

California Legislature OK s Tax Break for Small Businesses
nbcsandiego.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcsandiego.com Daily Mail and Mail on Sunday newspapers.

United statesGavin newsomKelly seyartoAnthony samsonTaxation committeeAssembly speaker anthony rendonCalifornia new car dealers associationCalifornia legislatureAssembly revenueAnalyst officeCalifornia legislature onAssemblywoman autumn burkeCalifornia new car dealersLegislative analystCalifornia departmentAssemblyman kelly seyarto

California Legislature OK s tax break for small businesses

California Legislature OK s tax break for small businesses
sfgate.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sfgate.com Daily Mail and Mail on Sunday newspapers.

United statesGavin newsomKelly seyartoAnthony samsonTaxation committeeAssembly speaker anthony rendonCalifornia new car dealers associationAssembly revenueAnalyst officeCalifornia legislature onCalifornia legislatureAssemblywoman autumn burkeCalifornia new car dealersLegislative analystCalifornia departmentAssemblyman kelly seyarto