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Government

Aug. 14, 2013

Bill to shield small businesses from retroactive tax passes Assembly committee

Businesses faced with massive retroactive taxes after an appeals court struck down a state tax exemption may get some relief from a Senate bill.

By Paul Jones

Daily Journal Staff Writer


SACRAMENTO - Businesses faced with massive retroactive taxes after an appeals court struck down a state tax break may get some relief from a Senate bill making its way through the Legislature.


The Assembly's Revenue and Taxation Committee on Monday approved SB 209, by Sen. Ted Lieu, D-Torrance, which addresses the fallout from a decision, Cutler v. FTB, 208 Cal.App.4th 1247 (2012), in which the 2nd District Court...

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