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Voters reject Prop 5, the property tax transfer initiative

November 7, 2018

Voters on Tuesday rejected Proposition 5, a statewide ballot measure that would have allowed homeowners who are 55 or older or severely disabled to transfer tax assessments from a prior…

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Renters’ tax credit bill advances to Assembly

June 6, 2018

A CAA-supported bill that would increase the state tax credit for renters has advanced to the state Assembly. On May 30, SB 1182 by state Sen. Steve Glazer, D-Orinda, won…

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Industry Insights

California’s Proposition 13 – The People’s Initiative to Limit Property Taxation

A tax revolt in the 1970’s culminated in the passage by the voters of Proposition 13 in 1978.  It was titled the People’s Initiative to Limit Property Taxation, also known…

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FAQs

Out-of-state owners and operators – Please consult your accountant or a tax attorney.

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Senators seek constitutional amendment to weaken Prop. 13

June 12, 2015

State Sens. Holly Mitchell and Loni Hancock on Wednesday held a news conference on their bid to amend California’s constitution and undermine California’s Proposition 13. SCA 5 would assess commercial and…

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Industry Insights

Withholding Guidelines: In-State and Out-of-State Owners

California property management companies must withhold a portion of rent collected from California properties that are owned by their clients who reside outside of the state. This rule applies only…

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FAQs

I am a small management company, I do not earn $100,000, but some of my owners do – who files the form?

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FAQs

If we don’t purchase from out of state, do we still need to register every single entity that we manage?

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FAQs

What if I as a management company write a trust account check for the owner without “reimbursement”, now what?

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FAQs

If I made only one out-of-state purchase, would the use tax apply? Would I need to file a return even if no tax applies?

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