California Property Tax Increase - Excel

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					Status of 2009 Tax Legislation -- As of February 20, 2009 -- Compiled by Martin Helmke -- Sponsored by California Taxpayers' Association

Bill      No.   Author      Location Other Tax         Subject                       Description
ab        79    duvall      alg            disaster    disaster property tax relief usual income and property tax relief provisions for properties in counties affected by disasters
ab        87    davis       anatres        sales       shopping bags                 25 cent tax on bags furnished to customers in stores
ab        89    torlakson   arules         cigarette   tax increase                  $2.10 increase in cigarette tax
ab        94    evans       arules         income      credit - nat'l heritage       removes sunset for the natural heritage credit, and removes $100 mil cap
ab       103    calderon    arules         income      pension plans                 conforms with federal provision waiving 25% early withdrawal penalty for certain pensions
ab       103    de leon     arules         property    co-owner exemption            exempts from change-of-ownership provisions the trasfer of property to a co-owner
ab       111    neillo      arules         income      conformity - debt forgiveness extends confomity for mortgage debt forgiveness provisions; excludes forgiven debt from income
ab       150    smyth       arules         sales       energy-efficient products     exempts purchase of energy-efficient products on earth day
ab       157    anderson    arules         property    disaster change of ownershippermits carrying base year value to new home 7years after disaster (rather than current 5 years)
ab       178    skinner     arules         sales       nexus - out-of-state supplier if ca entity enters into agreement with customer to refer orders to out-of-state supplier, sales tax app
ab       233    smyth       arules         income      credit - adoption fees        credit for adoption fees paid to animal rescue organization
ab       267    torlakson   arules         local       vote requirement - schools allows "educational finance districts" (created by bill) to have same taxing powers as charter cities
ab       279    duvall      arules         income      scholarship deduction         deduction for contributions to a scholarship-granting institution
ab       292    yamada      arules         income      check-off for alzheimer's     extends sunset from 2010 to 2015
ab       311    ma          arules         property    aircraft - valuation          repeals 2011 sunset for assessing certificated aircraft and allocating the value among counties
ab       321    neillo      arules         property    one-time transfer - spouse exempts spouses of claimants of one-time value transfer limit
ab       326    garrick     arules         income      health savings accounts       conforms with federal law allowing deduction for contributions to health savings accounts
ab       327    garrick     arules         income      minimum corporation tax reduces min corp tax from $800 to $100
ab       340    garrick     arules         income      credit - resident employees 5% credit for employers who have resident employees
ab       341    anderson    arules         income      e-zone credits -- aggregationintent to allow claimants to aggregate all e-zone credits and deduct against tax
ab       347    block       arules         sales       25% penalty                   imposes 25% penalty for sales taxpayers who refuse to provide requested documents
ab x3      3    evans       CH 18          income      tax rate increase             budget deal -- pit tax rates to increase by 0.25%, or 0.125% if fed funds received, 2009 & 2010
ab x3      3    evans       CH 18          income      dependent credit reduction credit reduced from $309 to $99 for 2009 & 2010 (2011 if budget reforms are approvedO
ab x3      3    evans       CH 18          sales       1% rate increase              additional sales tax rate for 2009 thru june 2011 (2012 if budget reform is approved by voters)
ab x3      3    evans       CH 18          vlf         rate increase to 1.15%        for may 2009 thru June 2011 (2013 if budget reforms are approved), rate would go from .65% to 1.1
ab x3      8    evans       recon          property    senior citizens postponementrepeals present program allowing senior citizens to, in effect, borrow from state to pay property tax
ab x3     15    krecorian   CH 10          income      tax incentives - budget       budget deal tax incentives -- same as, and chaptered out by, SB x3 15 (Calderon)
ab x3     21    de leon     arules         income      banks - built-in losses       prohibits use of built-in losses of banks in determining taxable income
ab x3     26    calderon    arules         income      deductions for illegal acts prohibits deductions relating to illegal activities relating to drugs and insurance fraud
ab x3     27    calderon    arules         sales       nexus                         expands sales tax nexus to out-of-state sellers who have in-state solicitors
aca        9    huffman     arules         local       vote requirement              55% vote required for local bonds and special taxes
aca       10    torlakson   arules         local       vote requirement - schools taxes imposed by educational finance districts (see ab267) can pass by 55% vote
aca x3     1    neillo      CH 1           budget      spending limit - rainy day sequestration of revenues in excess of trend, to be used for specified purposes
SB        49    Dutton      SRT            income      credit - new home purchase $10,000 credit for purchase of new home
SB        91    Correa      SRT            income      check-off seniors             extends sunset for senior check-off
SB        92    Aanestad    Shealth        income      health care program           major health care program, with various income tax provisions
SB        96    Ducheny     SRT            income      rate increase - high income increases tax on high income taxpayers -- 11% for incomes >$500,000 ($1 mil joint)
SB        97    Calderon    SRT            income      mortgage debt forgiveness partially conforms with federal mortgage debt forgiveness provisions


  Page 1 of 2                                                                                                                               Martin.Helmke@gmail.com
Status of 2009 Tax Legislation -- As of February 20, 2009 -- Compiled by Martin Helmke -- Sponsored by California Taxpayers' Association

Bill   No. Author        Location Other Tax        Subject                        Description
SB    107 Walters        SRT            sales      mandatory tips - nonprofits exempts mandatory tips when charged to non-profits
SB    138 Liu            Srules         sales      spray cans - felt pens         authorizes cities to impose 50 cent per can and 25 cent per pen taxes on spray cans & felt markers
SB    164 Cox            srules         income     disaster relief                spot bill re disaster relief
SB x2 15 Ashburn         CH 11          income     credit - new homebuyers        $100 mil credit of $10,000 per brand new home purchased, allocated
SB x3   8 Ducheny        CH 4           property   senior citizens postponementrepeals present program allowing senior citizens to, in effect, borrow from state to pay property tax
SB x3 15 Calderon        CH 17          income     single sales factor - elective unitary businesses may elect to apportion income by current 4-factor method or by sales alone
SB x3 15 Calderon        CH 17          income     defines "nexus"                establishes nexus threshold based on sales and property, for "doing business" in ca
SB x3 15 Calderon        CH 17          income     treasury function              excludes income from treasury function from definition of "gross receipts" for sales factor purposes
SB x3 15 Calderon        CH 17          income     finnegan rule                  adopts finnegan rule to require inclusion in sales factor of sales not apportionable to another state
SB x3 15 Calderon        CH 17          income     movie credit                   allocated tansferrable credit of 20% of costs for movies and 25% of costs for certain tv productions,
SB x3 15 Calderon        CH 17          income     hiring credit                  allocated $400 mil credit of $3000 per hire for small businesses hiring new employees
SCA     9 Ducheny        Sbudget        vote       55% vote req for some taxes reduces vote requirement to 55% for budget-related tax increases; 55% vote for budget




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