Key Votes
SBX3 17 - Tax Law Amendments (2009-2010 Budget Financing) - Key Vote
California Key Votes
Stages
- June 30, 2009 Executive Vetoed
- June 29, 2009 Senate Concurrence Vote Passed
- June 28, 2009 House Bill Passed
- Jan. 12, 2009 Senate Bill Passed
- Jan. 5, 2009 Introduced
Family
Issues
Stage Details
Legislation - Vetoed (Executive) - June 30, 2009
Title: Tax Law Amendments (2009-2010 Budget Financing)
Legislation - Concurrence Vote Passed (Senate) (24-16) - June 29, 2009 (Key vote)
Title: Tax Law Amendments (2009-2010 Budget Financing)
Vote Smart's Synopsis:
Vote to pass a bill that alters existing statutes regarding tax withholding, tax shelters, and the use tax.
Highlights:
-Requires that internet retailers, whose total sales within the state exceed $10,000 in a year and pays a commission to a third party in California for the referral of potential customers, to collect a use tax on sales to residents of California (Sec. 3).
-Requires employers to withhold a tax from each employee based on a percentage calculated from the sum of the employer's medical, healthcare, and non-employee payments to that individual. The rate for this tax withholding is 3% for residents and 7% for nonresidents (Sec. 7).
-Directs the Franchise Tax Board to revise wage withholding tables for wages paid on or after October 1, 2009 in order to require employers withhold an amount 10% greater than the current amount in an attempt to prevent underwithholding (Sec. 8).
-Increases the rate of withholding for supplemental wages by 0.6%, placing it at 6.6% beginning on October 1, 2009 (Sec. 8).
-Increases the withholding for stock and bonus payments constituting wages from 9.3% to 10.23% beginning on October 1, 2009 (Sec. 8).
-Requires that income and corporate taxpayers remit 30% of their expected tax payment in April and 40% in June, beginning on January 1, 2010; previous payment schedule required 30% remittance in both April and June (Sec. 13).
-Establishes, through a public-private partnership involving the Franchise Tax Board, the Financial Institution Record Match System; the system would allow financial institutions and the Franchise Tax Board to share files and information on debtors and delinquent taxpayers (Sec. 15).
-Alters existing statutes regarding abusive tax shelters by providing further definition to terms such as "abusive tax avoidance transaction," and alters the penalties for avoidance (Sec. 20-21).
Legislation - Bill Passed (House) (42-31) - June 28, 2009 (Key vote)
Title: Tax Law Amendments (2009-2010 Budget Financing)
Vote Smart's Synopsis:
Vote to pass a bill that alters existing statutes regarding tax withholding, tax shelters, and the use tax.
Highlights:
-Requires that internet retailers, whose total sales within the state exceed $10,000 in a year and pays a commission to a third party in California for the referral of potential customers, to collect a use tax on sales to residents of California (Sec. 3).
-Requires employers to withhold a tax from each employee based on a percentage calculated from the sum of the employer's medical, healthcare, and non-employee payments to that individual. The rate for this tax withholding is 3% for residents and 7% for nonresidents (Sec. 7).
-Directs the Franchise Tax Board to revise wage withholding tables for wages paid on or after October 1, 2009 in order to require employers withhold an amount 10% greater than the current amount in an attempt to prevent underwithholding (Sec. 8).
-Increases the rate of withholding for supplemental wages by 0.6%, placing it at 6.6% beginning on October 1, 2009 (Sec. 8).
-Increases the withholding for stock and bonus payments constituting wages from 9.3% to 10.23% beginning on October 1, 2009 (Sec. 8).
-Requires that income and corporate taxpayers remit 30% of their expected tax payment in April and 40% in June, beginning on January 1, 2010; previous payment schedule required 30% remittance in both April and June (Sec. 13).
-Establishes, through a public-private partnership involving the Franchise Tax Board, the Financial Institution Record Match System; the system would allow financial institutions and the Franchise Tax Board to share files and information on debtors and delinquent taxpayers (Sec. 15).
-Alters existing statutes regarding abusive tax shelters by providing further definition to terms such as "abusive tax avoidance transaction," and alters the penalties for avoidance (Sec. 20-21).
Legislation - Bill Passed (Senate) (29-1) - Jan. 12, 2009
Legislation - Introduced (Senate) - Jan. 5, 2009
Title: Tax Law Amendments (2009-2010 Budget Financing)
Sponsors
- Denise Moreno Ducheny (CA - D) (Out Of Office)
