Bills We're Watching - Legislative Cycle 2018
This Week's News
March 23, 2018
While you're hard at work during tax season, the CSEA advocacy team has been hard at work as well compiling a new legislative bill watch list. The following are bills that CSEA has either submitted to the legislature a position of support, or that we are watching carefully for their impact on tax policy. If you have any questions regarding the bill watch list, please email Brian Pedersen at email@example.com.
- AB 2131 (Melendez) – Would reduce the minimum franchise tax to $400 for taxable years beginning on or after Jan. 1, 2019. CSEA Position: SUPPORT.
- AB 2503 (Irwin) – Would make a domestic corporation and a limited liability company subject to administrative dissolution or administrative cancellation if the corporation has been suspended by the FTB for a specified period of time. CSEA Position: SUPPORT.
- AB 2855 (Brough) – Would conform to federal income tax law that includes provisions allowing a taxpayer to file an application for a tentative carryback adjustment of the tax for the prior taxable year affected by a net operating loss carryback. CSEA Position: SUPPORT.
- AB 3122 (Gallagher) – Requires payment of property tax to be deferred without penalty and interest until assessor has determined that the property is not eligible to be reassessed and the assessor has sent the property owner a reissued bill. CSEA Position: WATCH.
- AB 3143 (B&P Committee) – Extends the life of the California Tax Education Council (CTEC) which is set to sunset Jan. 1, 2019. CSEA Position: SUPPORT.
- AB 3144 (B&P Committee) – Extends the life of the California Fiduciaries Bureau to Jan. 1, 2023. CSEA Position: WATCH – move to OPPOSE if they attempt to capture EAs in licensing.
- SB 993 (Hertzberg) – Tax on services. CSEA has joined the opposition coalition lead by CalTax. CSEA Position: OPPOSE.
- SB 1082 (Bradford) – Requires the FTB, upon request by an individual taxpayer, to grant a one-time abatement of a failure-to-file or failure-to-pay timeliness penalty if the taxpayer was not previously required to file a CA personal income tax return. CSEA Position: SUPPORT.
- SB 1417 (Cannella) – Reduces the minimum franchise tax based on gross revenue to the corporation. CSEA Position: SUPPORT.
- SB 1473 (Morrell) – If a taxpayer has a POA with a federally authorized tax practitioner, CA taxing authorities would be prohibited from contacting that taxpayer without the federally authorized tax practitioner’s knowledge. CSEA Position: SUPPORT.