State of Tax: California Wraps Tax Bills, Hochul Talks Mamdani

Sept. 12, 2025, 7:00 PM UTC

The week in state tax news: California moves to conform with a decade of federal tax code changes, minus most of President Donald Trump’s rewrites. Meanwhile, South Carolina appeals judges hear Tractor Supply’s challenge of a $1.4 million corporate tax assessment. Plus, New York Gov. Kathy Hochul says she’ll work with Zohran Mamdani if he’s elected mayor to keep New York City a destination for businesses.

California Catches Up on Tax Conformity

The California legislature on Thursday passed a bill that brings the state’s tax code into conformity with a decade of changes to federal law.

Gov. Gavin Newsom ...

Learn more about Bloomberg Tax or Log In to keep reading:

Learn About Bloomberg Tax

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools.