Tax
Aug. 5, 2011
To increase revenue, California prods taxpayers to report use taxable purchases
New law hopes to maximize revenues and minimize tax avoidance mechanisms. By Sanford I. Miller of Law Offices of Sanford I. Millar
On March 24, Gov. Jerry Brown approved Senate Bill No. 86, which has three, apparently independent, statutory regimes. A common denominator of all three is California's effort to maximize revenues and minimize tax avoidance mechanisms.
The new laws implement changes to the Sales and Use Tax Law (USE Tax); create a financial institution record match system (FIRM), which requires financial institutions to match a list of delinque...
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