California Income Tax Payments Plunge 85% in April

California taxpayers have broadly embraced the extension of the 2019 income tax return deadline from April 15 to July 15 due to the coronavirus pandemic.

Personal and corporate tax filers paid a total of $3 billion in April with their 2019 returns, down 85% from tax receipts in April 2019 for 2018 returns, according to data from the California Franchise Tax Board.

April’s tax receipts are usually the highest of the year.

Gov. Gavin Newsom (D) could offer more insight into the long-term impacts of the downturn when he releases a revised budget proposal by May 14 for ...