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 Center Square) - The latest round of movie and TV tax credits is projected to keep thousands of good-paying jobs in California and boost the state’s economy by $1.4 billion. That breaks down to ...

Welcome to CalMatters, the only nonprofit newsroom devoted solely to covering issues that affect all Californians. Sign up for WhatMatters to receive the latest news and commentary on the most ...

Copyright 2025 The Associated Press. All Rights Reserved. Copyright 2025 The Associated Press. All Rights Reserved. Pediatrician Irving Phillips, left, examines a 16 ...

SACRAMENTO, Calif. (AP) — A major union announced a proposal Thursday to impose a one-time 5% tax on billionaires in California to address federal funding cuts to health care for low-income people.

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 ...

The California Film Commission has allocated $335 million in film tax credits to 52 movie productions, Gov. Gavin Newsom announced on Tuesday. This includes $38.4 million for The Daniels’ next film, ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The competition for California's ...