Tag: taxes

More Time to File & Pay for California Taxpayers Affected by COVID-19
News

More Time to File & Pay for California Taxpayers Affected by COVID-19

The Franchise Tax Board (FTB) on Friday announced special tax relief for California taxpayers affected by the COVID-19 pandemic. Affected taxpayers are granted an extension to file 2019 California tax returns and make certain payments until June 15, 2020, in line with Governor Newsom’s March 12 Executive Order. “During this public health emergency, every Californian…

Increase in Taxes on Tobacco, Nicotine Products Now in Effect
News

Increase in Taxes on Tobacco, Nicotine Products Now in Effect

California voters approved Proposition 56, which increased the excise tax rate on cigarettes and expanded the definition of “tobacco products” to include any type of tobacco, nicotine, little cigars, and electronic cigarettes sold in combination with nicotine. On April 1, the cigarette tax rate will increase from $0.87 to $2.87 per pack of 20 cigarettes. In…

Rep. Chu Named to House Ways and Means Committee
Business

Rep. Chu Named to House Ways and Means Committee

  The House of Representatives approved Rep. Judy Chu (CA-27) to fill the seat on the House Ways and Means Committee left vacant by former Rep. Xavier Becerra on Feb. 7. The 40-member Ways and Means Committee, the oldest committee of the U.S. Congress, is the chief tax-writing committee in the House. Rep. Chu released…

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