In the wake of the wildfires that have blazed through Los Angeles County, Governor Gavin Newsom has announced tax relief measures for local businesses struggling in the disaster's aftermath. The California Department of Tax and Fee Administration (CDTFA) is offering a three-month extension for sales and use tax filings, originally due January 31, 2025, now postponed to April 30 for taxpayers in the county. In a statement made by the Governor's Office, Newsom emphasized the diversity and resilience of California's business community, declaring support and relief to help them recover.
Taxpayers will also have until October 15 to file California tax returns on income earned in 2024 and to make any payments that would have been due starting January 7, as detailed by the Governor's Office. This postponement aims to provide ample breathing room for businesses to steadily rebuild without the immediate pressure of state tax obligations. Beyond Los Angeles County, the CDTFA is prepared to quickly offer extension requests and aid to those affected by the wildfires. Businesses in need of additional support for tax-related concerns can directly reach out to the administration for assistance.
According to a press release, Government Operations Agency Secretary Amy Tong underlined the state's commitment to maintaining California's vibrant business foundation through operational support and care for all Californians affected. Meanwhile, CDTFA Director Nick Maduros conveyed the importance of aiding business owners who have faced considerable losses due to the fires. Maduros assured taxpayers that the team at CDTFA is ready and willing to help navigate the path to recovery.
Specific forms of relief outlined by CDTFA include automatic extensions for taxpayers whose last returns reported less than $1 million in tax, waiver of interest and penalties for those who require further assistance, and the provision to obtain free copies of tax records. Moreover, they are standing by to assist with any changes in account information, such as address adjustments or business location updates. However, annual licensing fees under the Cigarette and Tobacco Products Licensing Act and returns due under the International Fuel Tax Agreement will not be subject to an extension.
