New Taxes Break The California Budget Impasse

Morrison & Foerster LLP
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The California legislature passed the Budget Act of 2008 (the “Legislation”) Thursday, February 19, 2009, and Governor Schwarzenegger signed it Friday, February 20, 2009. The Legislation contains several important revisions to the California Revenue and Taxation Code (the “Code”). This update summarizes some of the more noteworthy revisions.

Please see full update for more information.

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