California Extends the Pass-Through Entity Elective Tax
On June 27, 2025, California Governor Gavin Newsom signed Senate Bill (SB) 132 into law, extending the availability of the Pass-Through Entity (PTE) Elective Tax — a state-level workaround to the federal State and Local Tax (SALT) deduction cap introduced under the 2017 Tax Cuts and Jobs Act. Originally enacted under Assembly Bill 150 (AB […]
