California Governor Signs Law Amending Certain Tax Provisions

The California Governor signed a law amending the Revenue and Taxation Code. The law includes defining the receipt date for property tax remittances, allowing tax collectors to reduce minimum sale prices for tax-defaulted properties under specific circumstances, and modifying the implementation timeline for local transactions and use taxes. The law also expands eligibility for motion picture tax credits for single-member limited liability companies. It updates references to reflect the transfer of tax administration responsibilities from the State Board of Equalization to the California Department of Tax and Fee Administration. [S.B. 863, enacted 10/07/25]

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