Weekly E-updates

•Workers to ensure continuity of building functions •Security staff to maintain building access control and physical security measures This guidance is also on their website, under “Other Community based…” Click here to view. And here is the COVID-19 Specific Page:  Read More →

FEDERAL INCOME TAX DEFERRAL:  Following President Trump’s emergency declaration pursuant to the Stafford Act, the U.S. Treasury Department and Internal Revenue Service (IRS) today issued guidance allowing all individual and other non-corporate tax filers to defer up to $1 million of federal income tax (including self-employment tax) payments due on April 15, 2020, until July 15, 2020, without penalties or interest.  The guidance also allows corporate taxpayers a similar deferment of up to $10 ...

Legislative activity has come to a halt as the Capitol Building is shut down and most regulatory agencies are focused on the COVID-19 Pandemic. The Legislature has taken at least a 3-week break in activity and members have gone home to their districts. However, these processes will start to back up at some point electronically or in person when the stay at home orders are lifted.  We continue to analyze legislative bills to prepare for the Session, so please let us know as you hear about bills and ...

The campaign to save Proposition 13 against being dismantled by the split roll property tax measure on the November 2020 ballot is gaining momentum and is signing-up more people and companies every day! Are you doing what you can to protect yourself from an $11 BILLION yearly tax increase? Click here to check out the new website, now known as “Save Prop 13,” and join the effort. The website is where you will find information about the benefits of Prop. 13 and how removing protections ...

In his budget proposal for the 2020-21 fiscal year, Governor Gavin Newsom proposes record-high spending of $77.1 billion on K-12 schools and higher education, a 75 percent increase from the $43.9 billion spent in 2011-12. The Governor noted that per-pupil spending has increased more than $7,200 since 2011-12, with the state planning to spend $17,964 per student in 2020-21 with revenue from existing taxes. California’s K-12 education and higher education would account for 50.4 percent of the state’s ...

As proud members of the California Chamber of Commerce, we work closely with the organization on bills that impact our members.  Each year we provide input on both the Job Killer and Job Creator lists. Job Killers represent the worst-of-the-worse ideas that will harm the state’s economy and shrink employment.  Already in 2020 two bills have been tagged as Job Killers, and one bill is left over from last year: SB 850 (Leyva; D-Chino) Work Hours: Scheduling – The bill requires an employer, ...

  On a bipartisan 56-0 vote, AB 687 (Daly; D-Anaheim) passed the California State Assembly.  This bill will allow real estate brokers to incorporate as a limited liability company (LLC), in addition to a C or S corporation. This is a measure that our industry has been pursuing for years, and the Department of Real Estate notes there is pent-up demand for this change in law, estimating more than 30,000 brokers would seek to incorporate as an LLC, which has become commonplace since first being ...

Assembly Bill 617 signed into law in 2017, directs the California Air Resources Board to establish the Community Air Protection Program.  The program a community-focused action to reduce air pollution and improve public health in communities that experience disproportionate burdens from exposure to air pollutants. On September 27, 2018, the Board selected ten communities for the first year of this program to implement community emissions reduction programs, community air monitoring, or both. At ...

Business groups today are hailing a ruling in the case against California’s new law banning employers from requiring arbitration agreements as a condition of employment. In the case, United States District Court Judge Kimberly J. Mueller ruled: “having carefully considered all relevant briefing, including supplemental briefing, the court GRANTS plaintiffs’ motion for a preliminary injunction in full. In the coming days the court will explain its reasoning in a detailed, written order.” The ...

On a bipartisan 56-0 vote, AB 687 (Daly; D-Anaheim) passed the California State Assembly.  This bill will allow real estate brokers to incorporate as a limited liability company (LLC), in addition to a C or S corporation. This is a measure that our industry has been pursuing for years, and the Department of Real Estate notes there is pent-up demand for this change in law, estimating more than 30,000 brokers would seek to incorporate as an LLC, which has become commonplace since first being introduced. AB ...