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California Governor Signs Law Concerning IRC Conformity

💸 California’s New Tax Law Means Business

Published by OOPSONLINE.IN · Source: Bloomberg Tax News · 1 min read · · Updated

🔥 OOPS SAYS

Because nothing captures the laid-back California vibe quite like aligning state tax codes with federal business interest deductibility.

What actually happened

The California Governor signed a law that includes: 1) for taxable years beginning on or after Jan. 1, 2025, providing that the limit on deductibility for business interest under the ...

Key points

  • The California Governor signed a law that includes: 1) for taxable years beginning on or after Jan.
  • 1, 2025, providing that the limit on deductibility for business interest under the ...

Summary based on data provided by Bloomberg Tax News. Full article available at the original publisher.

  • #business
  • #california
  • #governor
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