In addition to California voters enacting two tax propositions in November 2012, they also provided a two-thirds majority in both the Assembly and Senate of Democrats. With a supermajority of one party, any bill in which one person might have a tax increase has a better chance of passing. That, of course, doesn’t guarantee it will happen or that if it did, the governor would sign it.
I have an article published this week Bloomberg BNA’s Tax Management Weekly State Tax Report on Prospects for California Tax Reform. It lists and explains various weaknesses in California’s tax system and what could and perhaps, should be done legislatively to improve it.
You can find the article at 21st Century Taxation on my Profile Page.
What do you think?
Annette Nellen, CPA, Esq., is a professor in and director of San Jose State University’s graduate tax program (MST), teaching courses in tax research, accounting methods, property transactions, state taxation, employment tax, ethics, tax policy, tax reform, and high technology tax issues.
Annette is the immediate past chair of the AICPA Individual Taxation Technical Resource Panel and a current member of the Executive Committee of the Tax Section of the California Bar. Annette is a regular contributor to the AICPA Tax Insider and Corporate Taxation Insider e-newsletters. She is the author of BNA Portfolio #533, Amortization of Intangibles.
Annette has testified before the House Ways & Means Committee, Senate Finance Committee, California Assembly Revenue & Taxation Committee, and tax reform commissions and committees on various aspects of federal and state tax reform.
Prior to joining SJSU, Annette was with Ernst & Young and the IRS.
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