SB 711
Taxation: federal conformity.
Vote required
Two Thirds
Fiscal committee
No
Appropriation
No
Current location
Chaptered
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Sign in to take action- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Bill overview
This bill aims to align California’s tax laws with federal tax laws. Specifically, it changes the date used for federal conformity, moving it from January 1, 2015, to January 1, 2025. This change will result in numerous adjustments to California’s Personal Income Tax and Corporation Tax laws, impacting areas like tax credits, deductions, and net operating losses. The bill also includes provisions to repeal outdated sections and declare the law’s immediate effect.
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