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California Lawmakers Sprint to Finish With Tax Bills on Agenda

Aug. 17, 2022, 8:45 AM

A tax on firearms and ammunition, a sales tax exemption for manufacturing equipment purchases, and loss of tax-exempt status for nonprofit organizations that engage in insurrection are on the agenda for California lawmakers before they adjourn for the year Aug. 31.

Lawmakers already have enacted several tax policy changes this year through the state budget process, including reduced and simplified cannabis taxes, a new tax on lithium extraction, and extension of a tax credit program for companies that expand or relocate in California.

The bills left to consider in the legislative session’s ...