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California State Income Tax
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Schwarzenegger Plans 20,000 State Firings on Budget (Update1) (Bloomberg)
Feb. 10 (Bloomberg) -- California Governor Arnold Schwarzenegger is preparing to fire thousands of government workers as an impasse over the state’s $42 billion budget shortfall threatens to drain the state of cash. Furloughs in California Close Many State Offices (New York Times)
A move to keep 200,000 state workers home one day a week is intended to trim $1.3 billion from California?s budget. TAX HIKE 'THREAT TO STATE'S RECOVERY' (New York Post)
ALBANY - Efforts to raise income taxes risk prolonging the state's economic slump by permanently driving a generation of laid-off bankers, traders and other top earners out of the state, say some economists and tax experts. The concern, voiced by... California Workers Get Unpaid Days Amid Budget Crisis (Update1) (Bloomberg)
Feb. 6 (Bloomberg) -- California government offices were closed throughout the most-populous U.S. state today as about 200,000 workers were forced to take unpaid days off because the worsening recession is threatening to drain the state of money. Survey: Some senators admit tax errors (Politico via Yahoo! News)
SEN. DANIEL AKAKA (D-Hawaii) Do you prepare your own taxes? Has not responded. If not, who does?  Has not responded. Have you or the IRS ever discovered an error on a tax return you've filed?  Has not responded. Have you ever paid back taxes?  Has not responded. If the answer to either 3 or 4 is yes, please explain. Has not responded.  State delays tax refunds, payments to county (Sonoma Valley Sun)
Don’t expect your state tax refund to show up on time. California may owe you a few hundred dollars, but the state owes Sonoma County a lot more, and the frustration and anger increases accordingly. California State Controller John Chiang announced this week that he will be delaying state tax refunds for 30 days, as [...] The answers to where California's tax dollars went (The Monterey County Herald)
California is broke. But lost in the day-to-day drama over IOUs, furloughs and huge deficits is a basic question many Californians might be asking: Where has all our money gone? A MediaNews analysis of state spending since Republican Gov. Alcohol industry fights tax plan (Lexington Herald-Leader)
FRANKFORT Kentucky's alcoholic beverage industry unleashed a public relations blitz Monday to whip up outrage against a proposed 6 percent sales tax on booze. As the beer distributors placed signs in restaurants asking patrons to call their lawmakers, a bevy of industry executives descended on the state Capitol to lobby in person. It's "a slap in the face" of an industry "that was caught ... Dan Walters: Corporate tax sweetener to seal deal? (The Sacramento Bee)
In terms of complexity and longevity, few state Capitol conflicts surpass the decades-long struggle over how California taxes multistate and multinational corporations. Of course, it involves big money – hundreds of millions, if not billions, of dollars – but also deeply seated ideological differences. And as Gov. Arnold Schwarzenegger and legislative leaders struggle to close a $40 billion ... State income tax revenue drops 20% (Sacramento Business Journal)
California’s January revenue was $2.18 billion less than the previous year, but beat the expectations set by Gov. Arnold Schwarzenegger by $233 million.
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