With an average of 245 tax and spending bills coming out of the California legislature every year, identifying and monitoring the most harmful bills help CAHT and our members focus on holding the line on spending.
The following bills make up CAHT’s legislative priorities for 2021.
As these bills continue to move through the Capitol, we will provide member updates and calls-to-action when necessary.
This measure proposes a $2.4 billion-a-year tax increase on California businesses and residents.
AB 71 would significantly increase taxes on businesses by amending the Revenue and Taxation Code to raise the corporate tax rate for businesses with taxable income over $5 million from 8.84 percent to 9.6 percent (10.84 percent to 11.6 percent for financial institutions).
AB 71 imposes a tax increase at a time when California businesses already pay some of the highest taxes in the country.
There is no doubt that homelessness in California should be addressed, but AB 71 creates new problems rather than solutions.