Daily Journal Staff Writer
Investors and businesses could benefit from proposed legislation to cancel a retroactive tax increase that recently received support from a state senate committee. SB 209 would nullify approximately $120 million the state Franchise Tax Board recently told investors they owed after it eliminated a longstanding tax incentive in response to a court ruling.
The bill, by Sen. Ted Lieu, D-Torrance, and Asse...
To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In