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California Court Backs County Tax to Offset Federal Funding Cuts

Santa Clara County properly held a special election to get voter approval of a sales tax increase to address budget shortfalls created by federal cuts to Medicaid and SNAP benefits, a state court ruled.

Sources (1)· Sep 24, 8:30 PM

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Bloomberg Tax News· Sep 24, 8:30 PMCalifornia Court Backs County Tax to Offset Federal Funding Cuts

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Kimco Loses California Bid to Pair REIT Dividend Tax BenefitsKimco Realty Corp., a real estate investment trust specializing in shopping centers, can’t use the same intercompany dividends both to reduce its taxable income in California and support a federal tax deduction, a state tax tribunal ruled in an opinion posted Monday.

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