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Specifically, NOLs from 2018, 2019, and 2020 could be carried back up to five years, resulting in tax refunds from prior years. Also, for the same time period, NOLs could once again be used 100% in order to reduce a taxpayer's income to zero. [9] Prior to passage of the 2017 Act, NOLs could be carried back to the two tax years before the NOL year.
Sales and use taxes in California (state and local) are collected by the California Department of Tax and Fee Administration, whereas income and franchise taxes are collected by the Franchise Tax Board. The statewide base sales tax rate of 7.25% is allocated as follows: [10] 7.25% – State + Local 6.00% – State 3.9375% – State – General Fund
Proposition 30, officially titled Temporary Taxes to Fund Education, is a California ballot measure that was decided by California voters at the statewide election on November 6, 2012. The initiative is a measure to increase taxes to prevent US$6 billion cuts to the education budget for California state schools.
Fox News host Sean Hannity calls out House Republicans for the stopgap funding bill that was released in an effort to avoid a government shutdown in his opening monologue Wednesday on "Hannity."
But between logging and fires, 95% of California's redwoods have been destroyed. Over the past decade, the Yurok have been helping restore the land. Another forgotten jewel of the ecosystem is salmon.
Additionally, a recent survey from the Public Policy Institute of California found that climate change is the most important environmental issue to Californians with 82% being concerned that ...
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