Podcast - What’s Next After Gov. Gavin Newsom’s Veto in California?
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DE Under 3: California Governor Newsom Vetoed Bill That Would Have Explicitly Banned Caste Discrimination
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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
On July 10, 2023, California Governor Gavin Newsom signed into law S.B. 131, which included a provision targeting the California state income tax treatment of incomplete gift non-grantor trusts ("INGs"). Under the prior law,...more