California will provide temporary tax relief
and $500 million in aid to small businesses
struggling because of coronavirus outbreak
restrictions, Gov. Gavin Newsom announced
this week.
The tax measures include a three-month
automatic extension of the income tax payment
deadline for those paying less than $1 million in
sales tax and expansion of a program allowing
businesses with up to $5 million in sales to reach
agreements on interest-free tax payments.