California Sets Rounding Rules for Retailers Post-Penny PhaseoutCalifornia Gov. Gavin Newsom (D) signed Wednesday legislation establishing statewide rules for retailers to round cash transactions to the nearest nickel as businesses adjust to the penny phaseout.Bloomberg Tax News5d agoWhole story →CommerceEconomyGavin NewsomHR 10167california common cents act signing
California Cracks Down on Montana-Plated Vehicles as Tax DodgeCalifornia revenue officials will gain new authority to pursue residents behind the shell companies used to dodge sales taxes and fees on cars, trucks, boats, and aircraft under legislation signed Wednesday by Gov. Gavin Newsom (D).Bloomberg Tax News5d agoWhole story →CommerceEconomyGavin Newsomcalifornia tax loophole closure
PACE Loan Industry Gets Rough Questions Over Biden-Era CFPB RuleA Biden-era Consumer Financial Protection Bureau rule applying mortgage-like disclosure requirements to state-backed energy efficiency loans appeared safe after a federal appeals court appeared skeptical of industry arguments seeking to overturn it.Bloomberg Tax News5d agoWhole story →PlanetBuildcfpb rule appeal
Penny Rounding Bill Heads to Trump as Retailers See ShortagesLegislation creating a national standard for rounding cash transactions to the nearest nickel won approval in the Senate and now heads to President Donald Trump for his signature.Bloomberg Tax News6d agoWhole story →CommerceEconomyHR 10167penny rounding bill passage
Film Tax Credit Idea Backed by Trump Spurs Bipartisan House BillHouse tax writers plan to drop a bill next week that would introduce a federal film and television tax incentive after President Donald Trump publicly called for such a measure last month.Bloomberg Tax News25d agoWhole story →CommerceEconomyfilm tax credit bill introduction
