Governor Newsom has signed AB 80, bringing California into partial conformity with federal law.
AB 80 was been on April 15 to a remove a provision that placed a $150,000 cap on the amount of business expenses paid for using forgiven PPP or EIDL funds that a California business can deduct.
The Department of the Treasury has released a long-awaited directive that will allow the California Legislature to move forward with their PPP conformity bill, AB 80.
This week, we submitted a letter of support for SB 104 (McGuire), a bill that will help California small business owners who have been negatively impacted by TCJA’s cap on state and local tax (SALT) deductions.
Recently we redesigned our Bill Watch List with our end users in mind, which means that this web page is now much more intuitive, straightforward, and easy to understand.