Breaking News: CSEA Activism Wins the Day

Posted on May 1, 2014 · Posted in Breaking News

CSEA Sponsored Bills Clear Legislative Hurdles:

The synergistic power of CSEA Members working together to advocate for the profession and sound tax policy has propelled two CSEA sponsored bills this legislative session. On Monday both bills cleared legislative hurdles as they passed out of various committees due in large part to CSEA’s advocacy efforts and the compelling testimony delivered by Legislative Committee Members Vicki Mulak EA (SB 1131) and Joyce Cheng EA (AB 2180). These bills are a direct result of CSEA Member activism at the 2014 Jim Stern Legislative Day where Member meetings with legislators and key staff generated interest and support for the concepts embodied in these CSEA sponsored bills:

  • SB 1131 (Walters R-Irvine) – Limited liability company (PIT conformity) – SB 1131 would bring conformity with the federal rules for Limited Liability Companies (LLCs) for Personal Income Tax (PIT) purposes and provide that for purposes of specified withholding laws an employee does not include any member of an LLC that is treated as a partnership for federal income tax purposes. Conformity in this area would ease administration of the tax code and remove the confusion for tax practitioners and taxpayers that has existed since CSEA sponsored bill SB 1244 was enacted in 2010.
  • AB 2180 (Brown D-San Bernardino) – Statement of Information (SOI) Filing Date Proposal – AB 2180 would streamline the filing time for all SOI other than the initial filing to coincide with the entities’ filing with the Franchise Tax Board (FTB). By streamlining the FTB and Secretary of State SOI filing dates and allowing a five month window to file preceding the due date it would be easier for businesses to remain compliant as there would be less confusion as to when the SOI is due.

These are very exciting wins for CSEA its Members and the taxpayers they represent. CSEA thanks all those Members who testified on the Society’s behalf and participated in Jim Stern Legislative Day to help educate legislators about important issues facing taxpayers. We will keep you informed of any new developments on SB 1131 and AB 2180 in the coming months.

For more details on these bills be sure to check your email inbox for the article “CSEA Activism Wins the Day” in the April 2014 CSEA News & Events newsletter or visit the Publications page of the CSEA website under the Members Area.