tax review of california senate bill no . 1 attached please find a tax review of california senate bill no . 1 ( " sb lx " ) . the tax review sets out the practical implication ( likely cessation of electricity sales and curtailment of investment in new generation assets ) and constitutional deficiencies of sb lx . please note , sb lx will not apply to sales of electricity made pursuant to binding written contracts executed on or before the date sb lx is signed into law ( if ever ) .
the california senate has passed sb lx . the california assembly has drafted their own version , assembly bill no . 128 ( " ab 128 x " ) , which the assembly is presently debating . a tax review of ab 128 x is also attached .
we will keep you advised regarding the progress of both sb lx and ab 128 x . please advise if you have questions and / or comments . thanks .
ed coats - 713 . 853 . 6369
steve douglas - 713 . 853 . 0938
gavin russo - 713 . 853 . 6296
matt gockerman - 713 . 853 . 3979
tax review of california senate bill no . 1
attached please find a tax review of california senate bill no . 1 ( " sb lx " ) . the tax review sets out the practical implication ( likely cessation of electricity sales and curtailment of investment in new generation assets ) and constitutional deficiencies of sb lx . please note , sb lx will not apply to sales of electricity made pursuant to binding written contracts executed on or before the date sb lx is signed into law ( if ever ) .
the california senate has passed sb lx . the california assembly has drafted their own version , assembly bill no . 128 ( " ab 128 x " ) , which the assembly is presently debating . a tax review of ab 128 x is also attached .
we will keep you advised regarding the progress of both sb lx and ab 128 x . please advise if you have questions and / or comments . thanks .
ed coats - 713 . 853 . 6369
steve douglas - 713 . 853 . 0938
gavin russo - 713 . 853 . 6296
matt gockerman - 713 . 853 . 3979