California State Assembly - Assembly Budget Subcommittee No. 5 on State Administration - Feb 18, 2025

California State Assembly, Budget Subcommittee No. 5 (State Administration) · February 18, 2025

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The assembly budget subcommittee is addressing various critical issues including housing, taxes, and veterans affairs.

7:12 → 7:53(40s)

The California State Assembly Budget Subcommittee No. 5 (State Administration) held an informational hearing on Feb. 18, 2025 covering the Governors tax proposals and several state agency budget change requests. Major topics included a proposed partial military retirement income exclusion, a prospective wildfire-settlement tax exclusion, extension of the passthrough entity elective tax (PTET), mandatory single-sales-factor apportionment for financial institutions, CDTFA enforcement authority for the unflavored tobacco ban, Franchise Tax Board and State Treasurer Office IT and program funding requests (including EDR2 and CROS), and an expansion of CalABLE eligibility and outreach.

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Transcript

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