News & Analysis as of August 17, 2025

Legislative Agendas

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California Governor Releases 2025 Budget Proposal to Move Banks and Financial Corporations to Single-Sales-Factor Apportionment

Pillsbury Winthrop Shaw Pittman LLP on 5/29/2025

The proposal includes a shift to a single-sales-factor apportionment formula for financial institutions, aiming to increase tax revenue starting in tax year 2025. Update: On May 14, 2025, Governor Newsom released the May...more

Weekly Update from the SC State House - June 2014: The House confirmed a Statewide Appointment to the TEC Board and the Senate...

Nexsen Pruet, PLLC on 6/9/2014

Details from Each Chamber: HOUSE - The House entered the final week of the legislative session with a number of things left on the Calendar. Wednesday, after confirming a Statewide Appointment to the TEC Board,...more

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California Governor Releases 2025 Budget Proposal to Move Banks and Financial Corporations to Single-Sales-Factor Apportionment

Weekly Update from the SC State House - June 2014: The House confirmed a Statewide Appointment to the TEC Board and the Senate...

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