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State markets

Calif. lawmakers poised to pass tax cut

lawmakers

California State Capitol, photo by Andre M Wikimedia Commons

By Alex Halperin
09/10/2025 09:30 AM GMT-0700
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Hi all,

Here’s a story on the last week of California’s legislative session.

Alex

Calif. lawmakers poised to pass tax cut

The California State Senate appears poised to pass the tax cut that has been the industry’s top legislative priority for the year. The bill, AB 564, which could pass the upper chamber as soon as this morning, would repeal the 15% to 19% excise tax hike which took effect July 1.

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California’s sputtering industry has portrayed the issue in existential terms…

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