Capital Notes — From KQED's John Myers » The Oil Tax Sticky Wicket
Few new tax proposals have dominated the recent political debate in Sacramento like calls for a new levy on each barrel of oil produced in California.
Those who lose homes may face state tax hit
Californians who lose their homes in a foreclosure, short-sale or deed in lieu of foreclosure this year could be hit with a state income tax on canceled or forgiven debt. A state law that temporarily exempted many homeowners from this tax at the state level…
Calif. tax officials: Legal pot would bring $1.4B
A bill to tax and regulate marijuana in California like alcohol would generate nearly $1.4 billion in revenue for the cash-strapped state, according to an official analysis released Wednesday by tax officials.
Gretzky fights request to view his tax returns
Lawyers for Phoenix Coyotes coach Wayne Gretzky are trying to keep his personal finances out of the team’s bankruptcy case. Responding to a motion by the City of Glendale to review Gretzky’s income tax returns, Gretzky’s attorneys argue that he is a California resident and is entitled to that state’s privacy protections.
Sharon Osbourne — Tax Cheat of the Week? | TMZ.com
The Accused: Sharon Osbourne The Debt: $23363.16 The Story: According to the State of California, Osbourne was fined nearly $50k for not paying her 2007 …
