vania-janet/multiturn-rag-retrieval-data huggingface dataset:
Tax form changes | FTB.ca.gov
Page 2, Column 1, Whatâs New.
Page 2, Column 3, Whatâs New, Excess Business Loss Limitation paragraph.
Page 3, Column 1, Whatâs New, Paycheck Protection Program paragraph.
Page 3, Column 1, Whatâs New, Advance Grant Amount paragraph.

 HTML
1 – 4.
Under âWhatâs New,â First through Fourth paragraph positions.

Under âWhatâs New,â Excess Business Loss Limitation paragraph.
Under âWhatâs New,â Paycheck Protection Program (PPP) Loans Forgiveness paragraph.
Under âWhatâs New,â Advance Grant Amount paragraph.

Whatâs New, First paragraph added.
Whatâs New, Second paragraph added.
Whatâs New, Third paragraph added.
Whatâs New, Fourth paragraph added.
Existing Whatâs New paragraph modified.
Existing Whatâs New paragraph modified.
Existing Whatâs New paragraph modified.

1.
 AB 80, which chaptered on April 29, 2021, provides modified conformity to this federal provision under the Consolidated Appropriations Act, 2021, which allows taxpayers to deduct eligible expenses paid for with covered loan amounts, except for an ineligible entity.
2 & 3.
 AB 176, which chaptered on September 23, 2021, allows an exclusion from gross income grant allocations received by a taxpayer pursuant the California Microbusiness COVID-19 Relief Program and California Venues Grant Program. Federal law has no similar exclusion.
4.
 SB 113, chaptered on February 9, 2022, provides conformity to the federal Shuttered Venue Operator Grant provision for taxable years beginning on or after January 1, 2019, which allows a gross income exclusion and provides modified conformity in regards to an eligible expense deduction.

2020
540NR, Nonresident or Part-Year Resident Booklet, and Instructions for Schedule CA (540NR), California Adjustments – Nonresidents or Part-Year Residents
03/12/2022
PDF

540NR Booklet, page 4, Whatâs New and Other Important Information for 2020, column 1, after the American Rescue Plan Unemployment Compensation paragraph.
540NR Booklet, page 4, Whatâs New and Other Important Information for 2020, column 2, after the Advance Grant Amount paragraph.
Tax form changes | FTB.ca.gov
02/22/2022
PDF

Page 1, Column 1, Whatâs New, Second Paragraph, Elective Tax for Pass-through Entities (PTE) and Credit for Owners.
Page 1, Column 1, General Information, First paragraph.
Page 1, Column 2, Instructions, Fifth paragraph, Amount of Payment.

Whatâs New, Second paragraph updated.
General Information, First paragraph updated.
Instructions, Fifth paragraph updated.

SB 113, chaptered on February 9, 2022, expands the pass-through entity elective tax benefits for taxable years beginning on or after January 1, 2021 and before January 1, 2026.

2021
FTB 8453-LLC, California e-file Return Authorization for Limited Liability Companies
02/11/2022
PDF

Part I, Tax Return Information, Line 3.
Part I, Tax Return Information, Line 4.
Part I, Tax Return Information, Line 5.

1 – 3.
 Changing the line references.
1 – 3.
 Changing the line references.

2021
FTB 8453-P, California e-file Return Authorization for Partnership
02/11/2022
PDF

Part I, Tax Return Information, Line 3.
Part I, Tax Return Information, Line 4.

1 – 2.
 Changing the line references.
1 – 3.
 Changing the line references.

2020
Instructions for form FTB 3541, California Motion Picture and Television Production Credit
02/07/2024
PDF

Page 1, Column 2, Important Information, New California Motion Picture and Television Production Credit, 2nd paragraph after the bulleted list.
Page 3, Column 1, D Limitation, 3rd paragraph.

 3541 HTML Instructions
 
Important Information, New California Motion Picture and Television Production Credit, 2nd paragraph after the bulleted list.
D Limitation, 3rd paragraph.

1 – 2.
 We added and deleted instructions.
1 – 2.
 Senate Bill 132 chaptered on July 10, 2023.
The 2024-25 Budget: California State University
Tax‑exempt bonds typically have somewhat lower interest rates, but they also have requirements that bond proceeds be spent within a certain time frame. Of the $662 million in bonds that CSU issued for these projects last summer, $462 million was taxable. This was at least in part because some of these projects were still in too early of a stage to spend down the proceeds within the required time frame. CSU’s use of taxable bonds generates higher debt service costs. The state, in turn, is effectively bearing these higher costs.
After State Approval, CSU Changed One Student Housing Projects. In February 2023, CSU submitted a request to the administration and Legislature for a student housing project at the San Jose campus. As originally submitted, and later approved by the state in the 2023‑24 budget package, the project entailed constructing a new housing facility on campus. CSU now indicates that the San Jose campus has entered into an agreement to lease an existing commercial property off campus, with the option to purchase the property in fall 2025. CSU indicates the new project would still provide 517 affordable beds—the same as the original project. Moreover, the cost per bed would be lower and the beds would be available two to three years earlier than under the original project.
Assessment
Legislature Authorized Many CSU Projects Without Applying Its Regular Standard of Review. For most state agencies, the state applies a certain level of scrutiny to capital projects. Traditionally, the state requires a project to have a well‑defined scope, reliable cost estimates, and a detailed schedule before requesting funding. Upon receiving this documentation, the state often advances a project by phase, allowing for regular oversight of a project as it is being developed. The state also typically waits to finance the construction phase of a project until after designs have been developed and cost estimates have been refined. Over the past three years, the Legislature has approved many CSU projects without applying these standards. 
Issues Have Emerged in the Absence of Regular Controls. Without regular state standards of review, CSU has had greater discretion than most agencies to proceed with projects, with some issues emerging as a result. Most notably, CSU has financed projects that remain in early planning phases.
Bill Text - AB-132 Postsecondary education trailer bill.
Item 6980-101-3263 of Section 2.00 of the Budget Act of 2020 is amended to read:6980-101-3263—For local assistance, Student Aid Commission, payable from the College Access Tax Credit Fund
 ........................
 1,542,000Schedule:(1)5755-Financial Aid Grants Program
 ........................
 1,542,000Provisions:1.The funds appropriated in this item shall be used to make a supplemental award of up to $12 to any student who receives a Cal Grant B Access Award in the 2020–21 award year.SEC. 81. (a) For the 2021–22 fiscal year, the sum of five hundred eleven million fourteen thousand dollars ($511,014,000) is hereby appropriated from the General Fund to the Board of Governors of the California Community Colleges for allocation to community college districts for the following purposes:(1) Scheduled maintenance and special repairs of facilities. The Chancellor of the California Community Colleges shall allocate funds to community college districts on the basis of actual reported full-time equivalent students, and may
	establish a minimum allocation per community college district. As a condition of receiving and expending these funds for maintenance or special repairs, a community college district shall certify that it will increase its operations and maintenance spending from the 1995–96 fiscal year by the amount it allocates from this appropriation for maintenance and special repairs. A community college district’s compliance with its resolution shall be reviewed under the annual audit of the community college district.(2) Hazardous substances abatement, cleanup, and repairs.(3) Architectural barrier removal projects that meet the requirements of the federal Americans with Disabilities Act (42 U.S.C. 12101 et seq.) and seismic retrofit projects limited to seven hundred fifty-two thousand dollars ($752,000).(4) Water
	conservation projects to reduce water consumption in cooperation with the Governor’s Executive Order B-37-16.
Tax form changes | FTB.ca.gov
If the grant allocations were included in gross income for federal purposes, then an adjustment is needed to exclude the amount which is done on Schedule CA (540NR), line 8f, Other, column B (Subtractions).
3 & 6.
 SB 91/AB 81, which chaptered on January 29, 2021, and February 23, 2021, respectively, provide that gross income shall not include a tenantâs rent liability that is forgiven by a landlord or rent forgiveness provided through funds grantees received as a direct allocation from the Secretary of the Treasury based on the federal Consolidated Appropriations Act, 2021. If the amount forgiven was included in gross income for federal purposes, then an adjustment is needed to exclude the amount which is done on Schedule CA (540NR), line 8f, Other, column B (Subtractions).

2020
540 Schedule CA, Instructions for Schedule CA (540), California Adjustments – Residents
04/22/2021

Page 6 of flat Sch. CA (540) instr., column 1, Line 8f Other (describe).
Page 6 of flat Sch. CA (540) instr., column 1, Line 8f Other (describe).
Page 6 of flat Sch. CA (540) instr., column 1, Line 8f Other (describe).

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1 – 3.
Under Line 8 – Other Income, f. Other (describe), first three paragraphs (above IRC Section 965 deferred foreign income paragraph).
New line instructions added.
1.
 H.R. 1319, the American Rescue Plan Act of 2021, provides for the exclusion of up to $10,200 of unemployment compensation for each taxpayer, if modified AGI is less than $150,000. For federal purposes, the income is excluded on Schedule 1 (Form 1040), line 8, Other income. For California purposes, all unemployment compensation is excluded from income on Schedule CA (540), line 7, Unemployment compensation, column B (Subtractions). Therefore, to prevent double exclusion of this income, the amount excluded for federal purposes is entered on Schedule CA (540), line 8f, Other, column C (Additions).
Frequently Asked Questions (FAQs) | Placer County, CA
It limited the assessed value of existing real property to the1975-1976 assessed values, limited tax rates to one percent of assessed value (plus voter-approved surcharges), and limited inflation-based value increases to no more than two percent annually. Proposition 13 value is the full market value, adjusted by these limits. The factored base year value is the original base year value, adjusted by the annual inflation factor for each taxable year of the current transferor?s ownership.

When must I file my claim for exclusion?

Your claim must be filed with the County Assessor within three years of the date of transfer, or prior to the subsequent transfer of the property to a third party, whichever is earlier.

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/FAQ.aspx

 Prop 58: Parent-Child Exclusion

Prop 58: Parent-Child Exclusion

How will Proposition 19 affect the Parent-Child Exclusion?

Proposition 19, The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act, was passed by California voters on November 3, 2020. The provisions of Proposition 19 that relate to the Parent-Child Exclusion become operative on February 16, 2021. Please visit the State Board of Equalization’s website at https://boe.ca.gov/prop19/ for the latest information available on Proposition 19 and how it will affect the Parent-Child Exclusion.

 Does the first $1,000,000 in value represent the current market value, or the assessed value?

The value used is the Proposition 13 value (also called factored-base-year value) immediately prior to the transfer date. Basically, this would be the taxable value on the assessment roll.

How many parent-child transfers of a principal residence may qualify under Proposition 58?

There is no limit. However, each transferred residence must qualify as a principal residence.

What is meant by child under Proposition 58?

Any child born to the parent; orAny stepchild or stepchild's spouse while the relationship of stepparent and stepchild exists; orAny son/daughter-in-law of the parent; orAny child statutorily adopted before the age of 18.

What is the effective date of Proposition 58?
The 2023-24 California Spending Plan: Housing and Homelessness
A spending delay is an expenditure reduction proposed for the budget window (2021-22 through 2023-24) with an associated, offsetting cost increase in a future year of the multiyear (2024-25 through 2026-27). That is, the spending would be reduced in the short term and moved to a future year. Previous budget actions allocated $360 million for use as Homeless Housing, Assistance and Prevention Program (HHAPP) bonus funds to supplement the base HHAPP grants of local entities that achieved specified outcome goals. These funds have not been awarded or obligated. The spending plan eliminates the use of bonus funds and instead allocates these funds for use as base grants. The shift results in a net delay of $260 million to 2024-25. Additionally, the budget achieves budget-year savings through the delay of $345 million previously allocated to HCD’s Foreclosure Intervention Housing Preservation Program (this spending will instead be spent over several years through 2026-27).
$50 Million Reduction Subject to Trigger Restoration for CalHome. The Governor’s budget and May Revision proposed making $350 million of housing and homelessness spending-related solutions subject to trigger restoration language. The final budget package, however, ultimately only included this trigger restoration language for $50 million in spending reductions for CalHome. Under this language, these amounts will be reduced unless, in January 2024, the administration estimates there are sufficient resources available to fund these expenditures. In that case, the programs would be restored halfway through the 2023-24 fiscal year.
$17.5 Million Reduction for Downtown Rebound Program. The budget reverts $17.5 million of unexpended funds originally appropriated for the Downtown Rebound Program in the 2000-01 budget package. The funds were originally provided for adaptive reuse of commercial and industrial structures.

$600 Million in New Discretionary Spending and Tax Credits. The 2023-24 budget also includes new discretionary commitments related to housing and homelessness.

$500 Million One-Time Expansion of State Low Income Housing Tax Credits.
Legal ruling 1995-6 | FTB.ca.gov
Note, although each factual situation presented involved a taxpayer that filed returns reflecting a calendar year, the same analysis would apply to a taxpayer who filed returns reflecting a fiscal year. In any event, any amended return required to apply the provisions of this ruling must be filed with the FTB on or before MarchÂ 31, 1986.
Holdings

A taxpayer required to change its method of accounting pursuant to IRC Â§Â 475 may implement the same change for California purposes.

The federal change in accounting method shall be an automatic change for California unless the taxpayer affirmatively elects not to change its method of accounting for California tax purposes by filing its California tax return using its historical method of accounting. 

A taxpayer that chooses to change from the position taken on its filed returns (to either conform to the federal return or to affirmatively elect California tax treatment different from the federal return) must file amended returns with the FTB no later than March 31, 1996. Amended returns filed after MarchÂ 31, 1996 shall be ineffective to change the accounting method from that used on the original California return. This election is available only for the year of change for federal tax purposes.

The principal author of this legal ruling is Kimberly Mitchell Bott of the Franchise Tax Board Legal Division. For further information regarding this legal ruling, contact Ms. Bott at the Franchise Tax Board Legal Branch, P.O. Box 1720, Rancho Cordova, CA 95741-1720, (916) 845-3007.
NOTE: ((---)) = Indicates obsolete information.

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Tax form changes | FTB.ca.gov
Tax form changes | FTB.ca.gov

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Filing and payment due dates for San Diego County flood victims extended to June 17, 2024. Visit San Diego County flood relief for more information.x

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Tax form changes

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Tax form Changes

 

 
Some tax forms and instructions get revised after their initial release.

Final revision details

Tax year
Form
Revision date
Location of change in form, booklet, or publication
Tax form change
Reason

2023
540 2EZ, Personal Income Tax Booklet, and Instructions for Form 540 2EZ
05/14/2024
PDF

540 2EZ Booklet/Instructions for Form 540 2EZ, page 6, Line 6 – Can you be claimed as a dependent, column 1.
540 2EZ Booklet, page 45, Frequently Asked Questions, column 1, question 1, third to last sentence.

 540 2EZ Booklet HTML Instructions

Instructions for Form 540 2EZ, Line 6 – Can you be claimed as a dependent.
Frequently Asked Questions, question 1, third to last sentence.

1 – 2.
 We modified existing instructions.
1 – 2.
 California conforms to the federal index figures for earned income on the federal Standard Deduction Worksheet for Dependents. The federal amount changed to $400 in 2022 and remains the same for 2023. From 2013 to 2021 the amount was $350.

2023
FTB Pub. 1034, Disaster Loss How to Claim a State Tax Deduction
04/12/2024
PDF

Page 4, Column 2, under Federal Postponement Periods section.
Short-Term Rentals | Sierra County, CA - Official Website
This ordinance was recommended to the Sierra County Board of Supervisors for approval in June 2022; and was formally adopted it into law on October 18, 2022.  The ordinance will take effect on January 1, 2023.I currently operate an STR in Sierra County. Does this ordinance apply to me?  Yes.  You will need to apply for an administrative use permit with the Planning Department.  Please note that only one (1) STR is allowed on each legally created parcel in specific zoning districts and some districts prohibit STRs. Properties that qualify as an STR must be owned by the record owner/applicant as January 1, 2023.  If purchased after this date, the property must be owned for at least two (2) years to become eligible to apply for a permit.  I purchased a property in Sierra County after January 1, 2023. Is this property eligible for a STR permit?  No. After January 1, 2023, the record owner of the property shall not operate a short-term rental unless they have owned it for a minimum of two (2) years following the recording date of transfer of ownership of the property in question.  The property must be owned for two (2) consecutive years before it is eligible as an STR in Sierra County.  Because of the need for long-term housing in our communities, Sierra County advocates for new property owners in the County to rent the property for more than 30-days during this two-year period prior to putting it on the market as a short-term rental. What do I need to do to apply for a STR Permit?  You may submit a complete application demonstrating full compliance with the new regulations, pay a fee, pass an inspection, and an STR permit will be issued.  Permits are valid for up to three (3) years.  The permit also requires a Local Contact Person that can get to the property within 30 minutes.   Applications are available as of January 1, 2023 .I am looking to buy an existing STR. Can I continue to run it as an STR?   It depends.
Welcome to the Senate Housing Committee | Senate Housing Committee
Skip to main content Back to California State SenateTranslate this site Search Search Senate Housing Committee Main Menu Committee Home Committee Rules Agenda Members 2024 Bill Hearings 2023 Bill Hearings 2022 Bill Hearings 2021 Bill Hearings 2020 Bill Hearings 2019 Bill Hearings 2023-2024 Informational/Oversight Hearings 2021-2022 Hearings 2019-2020 Hearings 2017-2018 Hearings 2015-2016 Hearings Publications Fact Sheets Legislative Summaries Position Letters FAQ Committee Home Main Menu Committee Rules Committee Live StreamSaturday, May 25, 2024No Hearings Scheduled TodayCommittee StaffChief Consultant Alison Hughes Principal Consultant Mehgie Tabar Assistant Cicely Chisholm Science Fellow Max Ladlow Committee Information Senate Housing Committee 1021 O Street, Room 3330 Sacramento, CA 95814 SHOU.Committee@senate.ca.gov Phone: (916) 651-4124 WAS User Menu Welcome to the Senate Housing Committee JURISDICTION: Bills relating to housing, including those that affect state housing funding programs for low- and moderate-income families, homelessness, housing elements and land use approvals for housing developments, housing successor agencies and the housing obligations of local financing districts, manufactured housing, building codes and standards, and common interest developments.The Senate Housing Committee meets the 1st, 3rd, and 5th Tuesdays of the month at 1:30pm. Please check the Daily File and Bill Hearings tab more information or any changes.As of February 28, 2023, the Governor terminated the state's COVID-19 State of Emergency. Procedures put in place to accommodate the pandemic restrictions have been reverted back to pre-pandemic practices. Teleconference testimony during committee hearings will no longer be available.The Senate continues to welcome the public and provides access to both in-person and written participation for public comment. If you are unable to attend a hearing in person, written comments or testimony can be provided directly to the committees by emailing the committee or utilizing the Advocacy Portal.If you have a position letter on any bills that have been referred to our committee, please submit them through the Advocates Portal, mail them to our address, or email our committee email as soon as possible. All letters are added to the official bill record and may be included in future analysis.