GeTtin’ SALTy Episode 78 | California Dreamin’ of More Taxes: Budget Surprises, Taxation of SaaS, and a Crowded Ballot [Podcast]

Short summary

This podcast episode covers California's newly signed budget, which includes significant tax increases such as a new sales tax on SaaS, an MCO tax, and limitations on tax credits. It also breaks down the ballot measures heading to California voters, including a proposed 5% billionaire wealth tax, competing counter-measures, and a personal income tax surcharge extension. The discussion is relevant for finance and legal professionals tracking state-level tax policy shifts affecting SaaS businesses.

• •California's new budget includes a sales tax on SaaS, an MCO tax, and credit limitations
• •Ballot measures include a 5% billionaire wealth tax and personal income tax surcharge extension
• •Implications for SaaS companies and high-net-worth individuals operating in California

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