A bill to update California’s conformity to federal tax law changes for the first time in a decade passed the state Senate 38-0 on Wednesday.
The bill (S.B. 711) moves next to the Assembly, where it must pass by Sept. 12 to reach Gov. Gavin Newsom (D). He hasn’t taken a position on the bill.
- The bill would conform the California Revenue and Taxation Code to some of the more than 1,000 changes made to the Internal Revenue Code between Jan. 1, 2015, and Jan. 1, 2025. California doesn’t automatically adopt most federal changes and must enact legislation ...
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