The California Court of Appeal, Fourth Appellate District, recently held that school district bond revenues could not be spent on stadium lighting where the bond proposition did not specifically list field lighting as part of...more
Green Building Focus - Revolving loans would quadruple Prop 39 investments: UCLA Newsroom - Apr 18: Proposition 39, the California Clean Energy Jobs Act, passed in 2012. Prop 39 requires businesses operating in...more
In November 2012, Proposition 39 was approved by the voters of California. Prior to Proposition 39, corporations were given two options to calculate their state tax liability under California law. Proposition 39 eliminated...more
A charter schools association brought a lawsuit against a school district and alleged the district violated Proposition 39 by using norming ratios to assign classroom space to charter schools. The court of appeal held that...more
On November 6, California voters passed Proposition 39, which changes the state’s default apportionment to a single sales factor method. Additionally, Proposition 39 adopted a mandatory market-sourcing method for sourcing...more
Taxpayers should review their apportionment methodology for prior taxable years to determine whether they should file refund claims based on the Multistate Tax Compact's evenly weighted three-factor apportionment formula....more
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