TITLE

2003 California Tax Law Developments

AUTHOR(S)
Micheli, Chris
PUB. DATE
April 2004
SOURCE
Journal of State Taxation;Spring2004, Vol. 22 Issue 4, p79
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The 2003 California Legislative Session, which concluded on September 13, produced a modest number of tax law changes of interest to taxpayers and practitioners. Nonetheless, there were a myriad of individual bills that were enacted into law that made minor modifications to state tax laws. Some of the major tax legislation during the 2003 California Legislative Session are AB 7 x is a budget trailer bill that provides the triple flip of reducing the local share of the sales tax by 1/2% backfilling local governments with an equivalent amount of property tax and increasing the state share of the sales tax by 1/2%. AB 35 would increase the per pack of cigarettes tax by $1 and dedicate tax revenues to various health-related programs.
ACCESSION #
12805880

 

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