California’s recent push for a 5% “Billionaire Tax” has sparked a heated debate about whether the ultra-wealthy will choose to comply with the new tax or relocate to avoid it. This proposal comes amid ...

California’s early taxes were disproportionate to population and wealth, and in 1870 the state created the State Board of ...

Before Californians can vote on the measure, backers must collect more than 870,000 signatures to qualify it for the November ...

California has the highest state income tax rate in the nation for the wealthy – 13.3% for incomes of $1 million and above.

The doubling of California’s film and TV tax credits to $750 million a year is showing promise in bringing production back to the state. Ten movies from major studios were among 52 films awarded ...

REDLANDS, Calif. (KABC) -- Veterans have served and sacrificed for our nation, and on Tuesday, the state of California announced a new law to help them in retirement. That law will exempt part of ...

California Governor Gavin Newsom is walking back a pledge made last year that could affect EV ownership in the state. In a surprise announcement, California Governor Gavin Newsom announced that the ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

SAN FRANCISCO (KRON) — Governor Gavin Newsom signed a bill Monday reducing California’s cannabis tax from 19% to 15%, effective until 2028. The tax reduction aims to support the legal cannabis market ...

The manufacturing floor at Santa Rosa’s CannaCraft is a scene out of Willy Wonka’s weed factory. Gloved, bonneted workers sort pills in the gel cap room, shiny silver cans twirl down a conveyor belt ...

No state buys more electric vehicles than California, but some drivers might now think twice after Governor Gavin Newsom confirmed he won’t offer financial incentives to replace the soon-to-disappear ...

Oregon, Washington and California announced today they will coordinate to provide residents with reliable vaccine information—a response, they say, to the Trump administration’s destruction of the ...