Stay updated with breaking news from Taxation Code. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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.