Tax
Oct. 16, 2013
Gov. Brown signed a retroactive tax...cut?
On Oct. 4 Gov. Jerry Brown signed into law Assembly Bill 1412, a bill that reinstates a controversial California tax break.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
A tax cut in California? A tax cut that is retroactive? A tax cut favoring businesses and investors? No, it is not April Fools' Day, and this is not a joke. This is a rare piece of good California tax news.
It comes on the heels of many years of not so attractive developments. It was just last year that California enacted sweeping retroactive tax hikes. They sent tax rates for $1 million earners to a stratospheric 13.3 percent, up ...
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