CALIFORNIA LEGISLATURE— 2021–2022 REGULAR SESSION
An act to amend Sections 17053.73 and 23626 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.
The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws, including, for taxable years beginning on or after January 1, 2014, and before January 1, 2026, a credit to a qualified taxpayer that hires a qualified full-time employee within a designated census tract or economic development area and that receives a tentative credit reservation for that qualified full-time employee. For the purposes of that credit, a qualified full-time employee is defined as an individual who meets certain requirements and satisfies at least one of two specified conditions relating to the number of hours the employee works and is paid. For purposes of that credit, certain employers that are primarily engaged in certain services, including food services, are excluded from claiming the credit. For purposes of that credit, existing law defines qualified wages for areas in and outside of a designated pilot area and provides areas that may be designated as a designated pilot area are limited to areas within a designated census tract or an economic development area with average wages less than the statewide average wages, as described, and areas within a designated census tract or an economic development area based on high...
The Presidency has dismissed Oyo State Governor Seyi Makinde’s claim that the Federal Government is withholding 250 billion in Nigeria LNG Limited (NLNG) dividends for each state, describing the a...