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Tag: ‘Conformity’ Tax Proposal

Gov. Newsom’s ‘Conformity’ Tax Proposal Cherry-Picking Changes to Federal Law

June 20, 2019   2:05 amJune 20, 2019   8:32 am
California Gov. Gavin Newsom’s proposed state budget contains more than $2 billion in new state taxes, even with $21 billion state surplus. Newsom proposed adopting some of the Trump federal tax code changes – and limiting deductions for business losses,...
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