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California Could Mirror Federal Relief for Retirement Loans

Aug. 31, 2020, 10:04 AM

California would conform to tax treatment of retirement account loans that are part of the federal coronavirus relief law under a bill approved by lawmakers.

A.B. 276 by Assemblywoman Laura Friedman (D) won final approval in the Assembly late Sunday. Gov. Gavin Newsom (D) hasn’t taken a position on the bill, which passed the Senate 39-0 Aug. 28. An earlier version of the bill with unrelated provisions first passed the Assembly ...

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