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CALIFORNIA | LOCAL
October 10, 1995 | SHELBY GRAD, SPECIAL TO THE TIMES
A California Supreme Court ruling that severely limited the ability of local governments to raise taxes does not appear to immediately invalidate dozens of utility taxes and hotel occupancy fees charged by municipalities, according to the League of California Cities. The league's legal analysis provides some temporary relief to city officials who anticipate major cutbacks if the taxes are voided by the Sept. 28 ruling.
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CALIFORNIA | LOCAL
October 10, 1995 | SHELBY GRAD, SPECIAL TO THE TIMES
A California Supreme Court ruling that severely limited the ability of local governments to raise taxes does not appear to immediately invalidate dozens of utility taxes and hotel occupancy fees charged by municipalities, according to the League of California Cities. The league's legal analysis provides some temporary relief to city officials who anticipate major cutbacks if the taxes are voided by the Sept. 28 ruling.
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BUSINESS
December 18, 1996 | From Reuters
The Los Angeles County Metropolitan Transportation Authority on Tuesday asked U.S. regulators to force Wall Street firms to pay back as much as $1 billion in allegedly illegal profits they have earned from complex bond deals since 1990. The Internal Revenue Service is going after state and local governments for taxes they did not realize they had to pay when the bond refinancing deals were arranged.
CALIFORNIA | LOCAL
November 30, 2001 | PRICE FISHBACK and SHAWN KANTOR, Price Fishback and Shawn Kantor are professors of economics at the University of Arizona
With the hodgepodge of programs proposed to alleviate the current recession, it is worthwhile to look back to the time in U.S. history when the federal government first stepped in with massive stimulus programs: the New Deal.
CALIFORNIA | LOCAL
September 14, 2011 | By Tony Barboza, Los Angeles Times
As rising sea levels eat away at the California coastline over the next century, the advancing ocean could cause hundreds of millions of dollars in damage to beach communities as tourism and tax revenue is swept away, according to a state-commissioned study released Tuesday. As climate change warms and expands the ocean, increased storm damage and erosion will narrow the state's beaches and diminish their appeal to both tourists and wildlife, economists at San Francisco State predict.
NEWS
May 5, 2000 | JUBE SHIVER Jr. and ABIGAIL GOLDMAN, TIMES STAFF WRITERS
Acting with unusual speed and almost no debate, a key House committee Thursday unexpectedly approved a five-year extension of the moratorium on new taxes that target the Internet. The highly controversial measure, attacked by traditional retailers and local tax authorities, was not even expected to be taken up this year. But Republican leaders have pushed the legislation forward, and an approval by the full House is widely expected.
NEWS
May 30, 1985 | PAUL HOUSTON, Times Staff Writer
President Reagan's proposal to eliminate the federal deductions for state and local taxes quickly became the most controversial part of his sweeping tax reform package as debate began Wednesday on Capitol Hill. "It's the hottest issue we are working with," said Rep. Robert T. Matsui (D-Sacramento), a member of the House Ways and Means Committee, which originates tax legislation. Already, Rep. Thomas J. Downey (D-N.Y.
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