State of Tax: California’s Tax-Sharing Deals, SALT Cap Changes

June 6, 2025, 6:14 PM UTC

The week in state tax news: New disclosures show California cities have shared millions of dollars in sales tax revenue with companies like Apple and Walmart. Meanwhile, Illinois looks to raise revenue in part from higher taxes on large multistate businesses, and The US Senate may go lower than the House in adjusting the SALT cap. Plus, the Supreme Court sides with Catholic-affiliated charities on a state tax exemption.

Apple, Walmart Cash in on California Tax-Sharing

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

See Breaking News in Context

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 and resources.