The California Legislature has passed SB 711, which would update California’s current specified conformity date from January 1, 2015, to January 1, 2025. The bill will now be sent to the Governor’s office. We will update you when the bill is signed into law.
As previously reported in an earlier Flash E-mail, while SB 711 will conform to some of the federal law provisions contained in federal legislation passed within this 10-year period such as TCJA, the SECURE and SECURE 2.0 Acts, etc., California will continue to not conform to many of these provisions. In addition, because the One Big, Beautiful Bill Act (OBBBA) was passed after January 1, 2025, California will not conform to the provisions contained in OBBBA.
Sign up for Spidell’s 2025/2026 Federal and California Tax Update webinar and get more information on California conformity to recent tax legislation. Click here and register today.
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