Laura Mahoney
Staff Correspondent at Bloomberg Industry Group
Staff Correspondent at Bloomberg Tax
Sacramento reporter for @BLaw @tax. I cover wonky policy news in California. Penn Stater. Elements of Style fan. She/her. @schwahoney.bsky.social
Articles
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2 weeks ago |
news.bgov.com | Andrew Oxford |Laura Mahoney
California legislators approved a $232 billion spending plan on Friday that would reduce Medicaid services for the undocumented while providing larger tax credits for Hollywood. The measure, which provides about $1 billion less in general fund spending than the previous fiscal year’s budget, rejects or scales back many cuts proposed by Gov. Gavin Newsom (D) and would instead dip further into reserve funds to make up for a $12 billion budget shortfall.
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3 weeks ago |
news.bloombergtax.com | Laura Mahoney
Microsoft Corp. is asking a California trial court to order a $14 million tax refund from the city of San Francisco tied to its repatriated earnings in 2019, 2020, and 2021, but the company already lost the first round in court with similar claims for 2018.
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3 weeks ago |
news.bloombergtax.com | Laura Mahoney
Newly constructed solar installations that sell power to the electric grid and aren’t connected to homes or businesses would be subject to California property tax starting in 2027 under a bill that passed the Senate on Wednesday. The bill (S.B. 710) by Sen. Catherine Blakespear (D) narrows a property tax exemption in place since 1980.
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3 weeks ago |
news.bloombergtax.com | Laura Mahoney
A program excluding equipment and technology for renewable energy and advanced manufacturing projects such as automation from California sales and use tax would be extended until 2031 under a bill the Senate passed Wednesday. Senators voted 39-0 to pass the bill (S.B. 86) from Senate Revenue and Tax Chair Jerry McNerney (D) and move it to the Assembly for consideration. The Assembly has until Sept. 12 to pass it. In addition to extending the current Jan.
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3 weeks ago |
news.bloombergtax.com | Laura Mahoney
Four bills offering property tax relief to victims of the January wildfires in Los Angeles made it halfway through the California Legislature ahead of a June 6 deadline. The bills passed their houses of origin and now move to the opposite chamber, where they must pass by Sept. 12 to reach Gov. Gavin Newsom (D). They would mainly apply to victims of the Palisades and Eaton fires that ravaged Los Angeles in early January.
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RT @ZavalaA: The California State Senate has severely limited press access in the chamber to journalists and despite repeated calls from @C…
Oculus and Anduril founder @PalmerLuckey takes issue with a California tax official's angry demands to be invited to a political fundraiser for Joe Biden. But the event was for Donald Trump. https://t.co/jzkslavQW9
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