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Wednesday, May 27, 2020
Sacramento – The California Department of Tax and Fee Administration reported tax revenue numbers Wednesday for cannabis sales for the first Quarter of 2020.
As of May 15, California’s cannabis excise tax generated $68.3 million in revenue reported on the 1st Quarter 2020 returns due by April 30,...
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Friday, Mar 6, 2020
Sacramento – The California Department of Tax and Fee Administration reported cannabis tax revenues Friday for the 4th quarter of 2019 far exceeded revenue in the same period a year ago.
As of February 18, 2020, California’s cannabis excise tax generated $84.4 million in revenue reported on the...
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Monday, Sep 16, 2019
SACRAMENTO – California Governor Gavin Newsom signed an executive order Monday to confront the growing epidemic and health risks linked to youth vaping.
The executive order directs the California Department of Public Health to launch a $20 million statewide digital and social media public awareness...
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Monday, Aug 26, 2019
Sacramento – The California Department of Tax and Fee Administration has reported increased tax revenue numbers for cannabis sales for the 2nd quarter of 2019 over the same period last year.
As of August 16, the state’s cannabis excise tax generated $74.2 million in revenue reported on returns...
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Friday, May 24, 2019
Sacramento – The California Department of Tax and Fee Administration reported tax revenue numbers Friday totaling $116.6 million for cannabis sales for the first quarter of 2019.
This compares to the $60.9 million total the CDTFA reported for the first quarter of 2018.
As of May 15, California’s...
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Monday, Mar 11, 2019
Sacramento – The California Department of Tax and Fee Administration has notified seller’s permit holders that new sales and use tax rates will take effect beginning April 1.
The new rates are the result of voter-approved initiatives.
To find the correct rate for your home or business location,...
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Wednesday, Feb 20, 2019
State tax revenue reported by the cannabis industry totaled $103.3 million for 4th quarter 2018 returns due by Jan. 31, 2019, according to numbers reported Tuesday by the California Department of Tax and Fee Administration.
The total includes state cultivation, excise and sales taxes. It does not include...
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Wednesday, Dec 12, 2018
Beginning April 1, 2019, out-of-state retailers selling above certain thresholds into California will be required to collect state use taxes on their sales, the California Department of Tax and Fee Administration announced Tuesday.
Tuesday’s Special Notices also impact in-state and out-of-state...
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Monday, Aug 27, 2018
The California Department of Tax and Fee Administration and the city of Santa Clarita will host a free tax seminar for nonprofit and tax-exempt organizations at The Centre on Wednesday, Sept. 12 from 8 a.m. to 12:30 p.m.
Topics will include:
• Sales and Use Tax for Nonprofit Organizations
• Employment...
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The California Department of Tax and Fee Administration will host a free “Sales and Use Tax for Restaurants” class on Wednesday, Sept. 19 starting at 9 a.m.
The class is designed to walk restaurant owners and financial managers step-by-step through such topics as:
• Tips and gratuity...
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FINANCIALS OF LOCAL INTEREST
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