California Advances Budget Trailer Bill to Tax Software, SaaS, and Limit Business Credits

Дата публикации: 18-06-2026 00:00:00

California’s 2026–27 budget package has advanced materially since Gov. Gavin Newsom’s May Revision. The operative tax trailer bill, SB/AB 122, would extend California’s sales and use tax to digital prewritten software and Software-as-a-Service (SaaS), effective Jan. 1, 2027, and would revise the state’s business credit limitation rules. The budget bill passed the Assembly on June 15, and SB/AB 122 is expected to proceed to Senate concurrence on June 18 as part of a reported three-party agreement among the Assembly, Senate, and Governor.
Although the updated proposal softens the Governor’s original immediate permanent business credit cap, the core software and SaaS tax remains in the bill. Together, the measures would represent a significant expansion of California’s revenue base, with potentially meaningful procurement, compliance, and income tax planning consequences for businesses operating in California.
Legislative Status
SB/AB 122 is now the principal vehicle for both the… Read the complete article here...
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Классификация: Экономика

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