Newsom announces tax relief for businesses affected by wildfires

(The Center Square) – As families continue to be displaced and businesses burned down by wildfires in Los Angeles, Gov. Gavin Newsom has authorized the California Department of Tax and Fee Administration (CDTFA) to provide tax relief to those businesses affected by the fires.

According to a news release from the governor’s office, the Jan. 31, 2025, sales and use tax filing deadlines will be extended to April 30 2025, and the CDTFA will continue to offer relief to Los Angeles County taxpayers on a case-by-case basis. Additionally, the state will provide relief from interest and penalties and create flexible payment plans for businesses.

“The loss resulting from these fires is devastating for business owners who have invested so much and worked so hard to succeed,” said CDTFA Director Nick Maduros. “Beyond the automatic extension, we encourage taxpayers who need help with any CDTFA program to reach out to us. Our team members are here to help taxpayers navigate their way to recovery.”

Additionally, taxpayers who need to obtain CDTFA tax records can do so without paying a fee.

Those exempt from this relief include used automobile dealers who are required to pay sales and use tax directly to the Department of Motor Vehicles, along with vehicle registration who will continue to pay to the DMV, licensing fees under the Cigarette and Tobacco Products Licensing Act and returns due under the International Fuel Tax Agreement.

- Advertisement -

The announcement comes shortly after the state said that taxpayers in Los Angeles County will be granted a postponement to Oct. 15, 2025, to file California tax returns on 2024 income and make any tax payments that would have been due Jan. 7, 2025, through Oct. 15, 2025.

DON’T MISS OUT

Be the first to know about the latest news, giveaways, events, and updates from The Black Chronicle!

We don’t spam! Read our privacy policy for more info.

Hot this week

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Illinois quick hits: Woman asks for meth back after arrest

Woman asks for meth back after arrest ...

Two major fires continue to burn in SoCal

As two major fires continue to burn in and...

New 76ers arena coming to Philly Sports Complex, not Market East

(The Center Square) – The 76ers will be staying...

Charles Person, Youngest Original Freedom Rider, Dies at 82

According to The New York Times, Charles Person, the...

Rent control takes center stage on first day of 2025 WA legislative session

(The Center Square) – Monday marked the beginning of...

Prosecutors highlight key conflict in Madigan’s corruption trial

(The Center Square) – Cook County Assessor Fritz Kaegi...

‘Derelict in duty:’ Speaker Johnson supports conditions for California bailout

(The Center Square) – U.S. House Speaker Mike Johnson...

More like this
Related

Drivers, union voice frustrations over safety concerns on King County Metro buses

(The Center Square) – King County Metro workers are...

Illinois quick hits: Woman asks for meth back after arrest

Woman asks for meth back after arrest ...

Two major fires continue to burn in SoCal

As two major fires continue to burn in and...

New 76ers arena coming to Philly Sports Complex, not Market East

(The Center Square) – The 76ers will be staying...