Taxes

Under Pressure, CA Considers Reversing Retroactive Tax

Or businesses could just move to more sensible jurisdictions

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If you're one of the estimated 2,500 California small business investors that has recently received a new tax bill for gains on investments previously shielded by Qualified Small Business Stock tax incentives, you just might be in luck.

Multiple business coalitions have united to fight the California Franchise Tax Board on the decision to end the incentives and collect retroactive taxes on investors as far back as 2008, and it appears Sacramento is paying attention.

Two pieces of legislation could offer a reprieve for those impacted, which includes some tech startup investors.