California, Maryland, and New Jersey have all produced news related to the new coronavirus Wednesday, joining Michigan, North Carolina, and Charleston, S.C. This is the latest on shifting state tax guidelines, deadlines, and policy to deal with the coronavirus pandemic. Check back for updates throughout the day. Catch up on state news from Tuesday.
The extension of tax-filing deadlines in response to the coronavirus pandemic will alter California’s adoption of a budget for the fiscal year that starts July 1, the state’s fiscal and policy adviser said Wednesday.
New deadlines—June 15 for income tax filings and payments, and May 11 for sales tax filings and payments—are justified but make it difficult to project the revenue on which the budget would be based, Legislative Analyst Gabriel Petek said in a post to the Legislative Analyst’s Office website.
For the Full Story: Bloomberg TaxBloomberg Tax
by Jeff Harrington
March 18, 2020