Tax News
Post details: California --Corporate, Personal Income Taxes: Absent Budget Resolution Controller Will Begin Issuing IOUs for Refunds
06/26/09
California --Corporate, Personal Income Taxes: Absent Budget Resolution Controller Will Begin Issuing IOUs for Refunds
CCH (cch.taxgroup.com) reports:
California Controller John Chiang has announced that unless the governor and legislature adopt immediate budget and cash solutions, beginning July 2, 2009, the controller's office will be forced to issue registered warrants, also known as IOUs, for personal income and corporation franchise and income tax refunds and all other payment categories not protected by the state constitution, federal law, and court decisions.
The warrants will carry an interest rate set by the Pooled Money Investment Board. The controller has requested an emergency meeting of the Board on July 2 to set the rate. Any rate adoption will become effective immediately. The warrants will have a maturity date of October 1, 2009.
Press Release , California State Controller's Office, June 24, 2009
Tax News
Daily Tax News
| Mon | Tue | Wed | Thu | Fri | Sat | Sun |
|---|---|---|---|---|---|---|
| << < | > >> | |||||
| 1 | 2 | 3 | 4 | 5 | 6 | |
| 7 | 8 | 9 | 10 | 11 | 12 | 13 |
| 14 | 15 | 16 | 17 | 18 | 19 | 20 |
| 21 | 22 | 23 | 24 | 25 | 26 | 27 |
| 28 | 29 | 30 | 31 | |||
Search
Categories
Archives
- District of Columbia --Corporate and Personal Income, Sales and Use Taxes: Second FY 2010 Budget Support Approved
- Tax Court Lacked Jurisdiction Where Deficiency Notice Not Mailed to Estate's Last Known Address (Rule Est., TCM)
- Return Preparers Permitted Certain Disclosures to Solicit New Business and to Professional Liability Insurance Carriers (IR-2009-121; Rev. Rul. 2010-4; Rev. Rul. 2010-5)
- Regulations Address Disclosure and Use of Return Information (T.D. 9478; NPRM REG-131028-09)
- Final, Temporary and Proposed Regulations Address the Use of Controlled Corporations to Avoid Application of Code Sec. 304 (T.D. 9477; NPRM REG-132232-08)
- Ohio --Sales and Use Tax: Sourcing Changes Explained
- London International Financial Futures and Options Exchange Recognized as Qualified Board or Exchange (Rev. Rul. 2010-3)
- Guidance on Elective Exclusion From Code Sec. 956 Obligation Definition, Determination of Readily Marketable Securities, Extended (Notice 2010-12)
- Temporary Suspension of AHYDO Rules Extended to 2010 (Notice 2010-11)
- Illinois --Sales and Use Tax: Airline's Second Refund Claim Barred by Statute of Limitations
- Florida --Sales and Use Tax: County Denied Injunctive Relief Against On-line Travel Companies for Collection of Tourist Development Taxes
- Extended Statute of Limitations for Assessment Applied upon Failure to Disclose Son-of-Boss Partnership Transaction; Disclosure Regulations Not Invalid (BLAK Investments, TC)
- more...
Misc
Syndicate this blog 
What is RSS?
powered by
Original template design by François PLANQUE.
