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California › Legislative Agendas › Taxation

Eversheds Sutherland (US) LLP

California Governor “May Revise” taxpayer apportionment win

Eversheds Sutherland (US) LLP on

On May 10, California Governor Gavin Newsom introduced his “May Revise” of the state budget. In addition to net operating loss deduction suspensions and tax credit usage limitations, one particularly concerning corporate...more

Sheppard Mullin Richter & Hampton LLP

California Cannabis Farmers May Finally Get Some Relief

Sheppard Mullin Richter & Hampton LLP on

Residents of California often complain about high taxes, but no one pays higher taxes than the cannabis industry. In addition to the Federal 280E penalties, the cannabis industry in California is subject to a 15% state-wide...more

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