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California FTB Publishes September 2021 Newsletter

Dated Sep. 7, 2021

Citations: Tax News September 2021

SUMMARY BY TAX ANALYSTS

The California Franchise Tax Board published the September issue of Tax News, highlighting recently enacted legislation that created a state and local tax cap workaround on passthrough income and a tax credit for businesses that hire homeless individuals; the second round of Golden State Stimulus payments; the second round of the Main Street Small Business Tax Credit; the extended due date of September 15 for filing Form 100S ("California S Corporation Franchise or Income Tax Return"); and an explanation of how California and federal estimated tax payment schedules differ.

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