The Governor has signed SB 711, which means California will conform to the Internal Revenue Code as in effect on January 1, 2025 (previously January 1, 2015), with some significant exceptions, generally effective beginning with the 2025 tax year.
While this brings California into conformity with many of the Internal Revenue Code provisions enacted in the last 10 years, California will not conform to any of the changes made by OBBBA, most of the provisions enacted by the TCJA, or many of the federal disaster bills enacted over the last few years.
We will be covering all the details concerning this legislation and the new adjustments that will be required on the California return beginning with the 2025 tax year in upcoming issues of the California Taxletter and at our Federal and California Tax Update seminars and webinars.
Sign up for Spidell’s 2025/2026 Federal and California Tax Update webinar and get more details on new California conformity to IRC provisions. Click here and register today.
