Personal Income Tax Law and Corporation Tax Law: credits: local news outlets: business expense deduction: excessive employee remuneration.
Chaptered by Secretary of State - Chapter 849, Statutes of 2026.
Summary
The measure changes California’s personal income and corporate tax laws to provide tax credits to local news organizations, allow a new business expense deduction, and address excessive employee remuneration. It would affect individuals, businesses, and news outlets by altering how taxes are calculated. The changes aim to support local journalism and curb overly high compensation.
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