|
California Franchise Tax Board
The California Franchise Tax Board (FTB) administers and collects state personal income tax and corporate franchise and income tax of California. It is part of the California Government Operations Agency. The board is composed of the California State Controller, the director of the California Department of Finance, and the chair of the California Board of Equalization. The chief administrative official is the executive officer of the Franchise Tax Board. History In 1879 California adopted its state constitution which among many other programs created the State Board of Equalization and the State Controller, which administered all tax programs.PublicationFranchise Tax Board at a Glance, page 2/ref> In 1929, the state legislature created the office of the Franchise Tax Commissioner to administer California’s Bank and Corporation Franchise Tax Act. In 1950, California abolished the office of the Franchise Tax Commissioner and created the Franchise Tax Board as it exists to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Steve Westly
Steven Paul Westly (born August 27, 1956) is an American venture capitalist, entrepreneur, educator, and politician. He was the State Controller of California from 2003 to 2007 and was one of the top candidates in the Democratic primary for Governor of California in the 2006 election. He was defeated in the Democratic primary by California State Treasurer Phil Angelides, who later lost to Republican Governor Arnold Schwarzenegger in the November 2006 elections. During the 2008 Presidential Election, Westly served as California Campaign Co-chair for Obama for America and also as a member of Obama for America's National Finance Committee. Westly was briefly considered for a cabinet-level position in the Obama administration. Currently, Westly is a Managing Partner at The Westly Group, a clean technology venture capital firm he founded. Education and family Westly was born in Arcadia, California. Raised in the San Francisco Bay Area, Westly received an A.B. in history fro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
US State Tax Agencies
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taxation In California
Taxes in California are among the highest in the United States and are imposed by the state and by local governments. From a tax terminology perspective, sales taxes are a proportional tax; though because lower income earners may pay a greater percentage of their earnings to sales taxes than higher income earners, a sales tax is also described as a regressive tax. The sales tax is imposed on retailers (not consumers) for the privilege of selling tangible personal property at retail. However, retailers are allowed (but not obligated) to obtain reimbursement for their tax liability from the consumer at the time of sale. Whether a sales tax reimbursement amount is actually added is a matter of contract between the retailer and the consumer. The use tax is imposed on the storage, use, or other consumption in California of tangible personal property purchased from a retailer. Any person storing, using, or otherwise consuming in California tangible personal property purchased from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Agencies Of California
State may refer to: Arts, entertainment, and media Literature * ''State Magazine'', a monthly magazine published by the U.S. Department of State * ''The State'' (newspaper), a daily newspaper in Columbia, South Carolina, United States * ''Our State'', a monthly magazine published in North Carolina and formerly called ''The State'' * The State (Larry Niven), a fictional future government in three novels by Larry Niven Music Groups and labels * States Records, an American record label * The State (band), Australian band previously known as the Cutters Albums * ''State'' (album), a 2013 album by Todd Rundgren * ''States'' (album), a 2013 album by the Paper Kites * ''States'', a 1991 album by Klinik * ''The State'' (album), a 1999 album by Nickelback Television * ''The State'' (American TV series), 1993 * ''The State'' (British TV series), 2017 Other * The State (comedy troupe), an American comedy troupe Law and politics * State (polity), a centralized political organizat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
California Code Of Regulations
The California Code of Regulations (CCR, Cal. Code Regs.) is the codification of the general and permanent rules and regulations (sometimes called administrative law) announced in the ''California Regulatory Notice Register'' by California state agencies under authority from primary legislation in the California Codes. Such rules and regulations are reviewed, approved, and made available to the public by the Office of Administrative Law (OAL), and are also filed with the Secretary of State. The CCR consists of 28 titles and contains the regulations of approximately 200 regulatory agencies. Title 24, the California Building Standards Code, is not maintained by the OAL but by the California Building Standards Commission. It has been alleged that the regulations have substantial portions under copyright (''e.g.'', Title 24, the California Building Standards Code), but Title 24, California Code of Regulations, though administered and authored by the Building Standards Commission o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taxation In The United States
The United States of America has separate federal, state, and local governments with taxes imposed at each of these levels. Taxes are levied on income, payroll, property, sales, capital gains, dividends, imports, estates and gifts, as well as various fees. In 2020, taxes collected by federal, state, and local governments amounted to 25.5% of GDP, below the OECD average of 33.5% of GDP. The United States had the seventh-lowest tax revenue-to-GDP ratio among OECD countries in 2020, with a higher ratio than Mexico, Colombia, Chile, Ireland, Costa Rica, and Turkey. Taxes fall much more heavily on labor income than on capital income. Divergent taxes and subsidies for different forms of income and spending can also constitute a form of indirect taxation of some activities over others. For example, individual spending on higher education can be said to be "taxed" at a high rate, compared to other forms of personal expenditure which are formally recognized as investments. Taxes are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Tax Levels
State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly. This table includes the per capita tax collected at the state level. This table does not necessarily reflect the actual tax burdens borne directly by individual persons or businesses in a state. For example, the direct state tax burden on individuals in Alaska is far lower than the table would indicate. The state has no direct personal income tax and does not collect a sales tax at the state level, although it allows local governments to collect their own sales taxes. Alaska collects most of its revenue from corporate taxes on the oil and gas industry. This table does not take into consideration the taxing and spending of local governments within states, which can vary widely, and sometimes disproportionately with stat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
California Fair Political Practices Commission
The Fair Political Practices Commission (FPPC) of California is a five-member independent nonpartisan commission that has primary responsibility for the impartial and effective administration of the Political Reform Act of 1974. The Commission's objectives are to ensure that public officials act in a fair and unbiased manner in the governmental decision-making process, to promote transparency in government, and to foster public trust in the political system. The Commission is similar to the Federal Election Commission (FEC) in its campaign finance responsibilities. It differs from the FEC in its authority in lobbying and conflicts of interest. It was created by California Proposition 9 in the June 1974 elections, known as the Political Reform Act of 1974, regulates campaign financing, conflicts of interest, lobbying, and governmental ethics. Organization List of Fair Political Practices Commissioner Chairs See also * Politics of California * Campaign finance * Confl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
California Department Of Motor Vehicles
The California Department of Motor Vehicles (DMV) is the state agency that registers motor vehicles and boats and issues driver licenses in the U.S. state of California. It regulates new car dealers (through the New Motor Vehicle Board), commercial cargo carriers, private driving schools, and private traffic schools. The DMV works with the superior courts of California to promptly record convictions against driver licenses and subsequently suspends or revokes licenses when a driver accumulates excessive convictions (as measured by a point-based system). It issues California license plates and driver's licenses. The DMV also issues identification cards to people who request one. The DMV is part of the California State Transportation Agency. It is headquartered in Sacramento and operates local offices in nearly every part of the state. , the DMV employed over 8,900 people—35% at headquarters and 65% at 172 field offices (and various other locations). Also, , it maintain ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debt Collection
Debt collection is the process of pursuing payments of debts owed by individuals or businesses. An organization that specializes in debt collection is known as a collection agency or debt collector. Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed. History Debt collection has been around as long as there has been debt and is older than the history of money itself, as it existed within earlier systems based on bartering. Debt collection goes back to the ancient civilizations, starting in Sumer in 3000 BC. In these civilizations if a debt was owed that could not be paid back, the debtor and the debtor's spouse, children or servants were forced into " debt slavery" until the creditor recouped losses via their physical labor. Under Babylonian Law, strict guidelines governed the repayment of debts, including several basic debtor protections. In some societies debts would be carried over into subsequent gen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Franchise Tax
A franchise tax is a government levy (tax) charged by some US states to certain business organizations such as corporations and partnerships with a nexus in the state. A franchise tax is not based on income. Rather, the typical franchise tax calculation is based on the net worth of or capital held by the entity. The franchise tax effectively charges corporations for the privilege of doing business in the state. Nexus Whether or not a business must pay a franchise tax to a state in which it does business can cause some confusion. Some states report using both the economic and physical presence tests, and in some states, there are no written, public interpretations of their test at all.Baker Tilly, 2016 Midyear State and Local Tax Update. http://www.bakertilly.com/insights/midyear-state-and-local-tax-update-income-and-franchise-taxes/ Physical presence test The physical presence test is based on Quill Corp. v. North Dakota, ( 504 U.S. 298 (1992)), a United States Supreme Court ru ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
