• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar

Alston & Bird Tax Blog

  • Home
  • Services
  • Contacts

Samantha Bautista

About Samantha Bautista

Samantha Bautista is an associate in the State & Local Tax Group in Alston & Bird’s Los Angeles office. She focuses her practice on assisting clients with state and local tax and regulation matters, as well as issues involving gift/prepaid card law and unclaimed property law.

[Read Bio]

California Updates Unclaimed Property Law to Recognize Electronic Recurring Bank Account Activity

October 12, 2016 By Michael Giovannini and Samantha Bautista

On September 22, California Governor Jerry Brown signed AB 2258 into law, which revises California’s Unclaimed Property Law (UPL) to expressly recognize that certain electronic recurring transactions constitute “owner-generated activity” that would prevent accounts held by a banking or financial organization from being considered presumed abandoned.  As described by the bill’s author, AB 2258 effectuates a “simple modernization of the statute,” which will “eliminate unnecessary escheatment notices to be sent from the bank to the account holder that require the account holder to affirm [...]Read more

Filed Under: Unclaimed Property Advisory Tagged With: California, dormancy standards, State legislation, Unclaimed property

Closing California’s Perceived Prop 13 Corporate Loophole

March 23, 2016 By Samantha Bautista

SB 259, a bill that includes language to close the perceived loophole in the portion of Proposition 13 which governs “changes of ownership” in entities that own real property located in California, has been returned to the Secretary of the Senate and will not be moving forward. California’s Proposition 13 (“Prop 13”) was famously passed in the 1970’s in an effort to protect property owners from dramatic rises in their annual property tax bills.  It limits the ad valorem taxes on real property to 1% of the full cash value of the property at acquisition, with a 2% annual cap on assessment [...]Read more

Filed Under: State & Local Tax Tagged With: California’s Proposition 13, SB 259

Primary Sidebar

As a service of Alston & Bird’s Tax groups, this blog focuses on current issues and events in international, federal, state and local tax and wealth planning of interest to business.

Subscribe

Receive email notifications when new posts are added.

Check your inbox or spam folder to confirm your subscription.

Tags

401(k) ACA Affordable Care Act audit BEAT CARES Act CFC Corporate Tax Planning covid-19 Delaware ERISA Escheat FATCA FBAR FDII Gift cards GILTI international tax IRA IRS Kelmar New York nexus OECD qualified plans Quill RUUPA SCOTUS Section 351 Section 355 Section 367 Section 385 section 482 section 965 State legislation Subpart F Supreme Court Tax Court Tax Cuts and Jobs Act tax reform TCJA Treasury Unclaimed property UP Wayfair

Secondary Sidebar

Categories

Recent Posts

  • PTET Elections: Don’t Let Them “Pass” By Unnoticed in M&A Transactions
  • Post-Roe Issues for Health Plan Sponsors: Navigating the Rapidly Changing Legal Landscape
  • Litigate, Legislate and Repeat: The Delaware Escheat Law Spin Cycle
  • Looking Back at Georgia’s 2022 Legislative Session
  • Diving into IRS’s Annual Report on Advance Pricing Agreements: Can APMA Overcome Its Sisyphean Task?

Archives

Copyright © 2023 · Alston & Bird · All Rights Reserved. Privacy.