AB 80. To qualify for expense deductions, basis adjustments, and lack of reduction of tax attributes related to AB 80, you must meet the following qualifications. Your business cannot …

We understand there are many questions about AB 80, Taxation: Coronavirus Aid, Relief, and Economic Security Act: Federal Consolidated Appropriations Act, 2021 which was approved …

2021年4月29日 · Under the legislation, AB 80 by Assemblymember Autumn Burke (D-Inglewood), the forgiven PPP loans that businesses received from the federal government during the …

For taxable years beginning on or after January 1, 2019, this bill would, under the Personal Income Tax Law (PITL) and the Corporation Tax Law (CTL), expand the exclusion from gross …

2021年5月3日 · On April 29, 2021, under pressure to provide relief for California businesses suffering the impact of the COVID-19 coronavirus and government-ordered stay-home and …

Existing federal law, the Consolidated Appropriations Act, 2021, prohibits reductions in tax deductions, denials of basis adjustments, and reductions in tax attributes for federal income …

Existing law requires any bill authorizing a new tax expenditure to contain, among other things, specific goals, purposes, and objectives the tax expenditure will achieve, detailed performance …

On April 29, 2021, the California Governor signed A.B. 80 (available here addressing modified conformity to federal income tax provisions relating to loans forgiven pursuant to the …

AB 80 brings the California state corporate and individual income tax treatment of forgiven Paycheck Protection Program loans and EIDL advance grants under the CARES Act into …

2021年4月29日 · Existing law reduces the amount of any credit or deduction otherwise allowed under the Personal Income Tax and the Corporation Tax Law for any amount paid or incurred …