California SB 711: New Opportunities to Save for Businesses Engaged in Research and Development
California’s Senate Bill 711 (SB 711), signed by Governor Newsom on October 1, 2025, represents the most significant update to California’s tax conformity framework in a decade. By advancing the state’s reference date for Internal Revenue Code (IRC) conformity from January 1, 2015, to January 1, 2025, SB 711 incorporates numerous federal tax changes into […]