Opinion
Flush with funds, state should now end 2020 business tax hikes
A photo illustration of California's tax code. (Image: Vitalii Vodolazskyi, via Shutterstock)OPINION: As part of the 2020-21 state budget accord, the governor and Legislature enacted AB 85, a budget trailer bill that enacted several tax law changes, including a three-year suspension of the net operating loss deduction and a cap on the use of business tax credits.