Archive for February, 2010

February 1st, 2010

State Tax Notes: Tax Haven Bill Passes CA Assembly on Majority Vote

State Tax Notes correspondent Lenny Goldberg reports that a measure to place income from offshore tax havens in the water’s edge passed the Assembly on Thursday, January 28, by a margin of 42-28 (see Tax State Tax Notes Story that follows).  The measure, which would raise $120 million, could be passed by majority instead of the 2/3 required for a tax increase because it contained an offsetting tax cut which would… Read More...