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Key Votes

SBX3 17 - Tax Law Amendments (2009-2010 Budget Financing) - Key Vote

California Key Votes

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Stage Details

Legislation - Vetoed (Executive) -

Title: Tax Law Amendments (2009-2010 Budget Financing)

Legislation - Concurrence Vote Passed (Senate) (24-16) - (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 With Amendment (House) (42-31) - (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) -
Legislation - Introduced (Senate) -

Title: Tax Law Amendments (2009-2010 Budget Financing)

Sponsors

  • Denise Moreno Ducheny (CA - D) (Out Of Office)
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