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California Budget Plan Includes New Tax on Cloud-Based Software

Revenue features of California’s fiscal 2027 budget won support in the state Assembly Monday, including a new tax on cloud-based software, adjustments to the state’s tax on healthcare providers, and an extension of the current caps on business tax credits.

Revenue features of California’s fiscal 2027 budget won support in the state Assembly Monday, including a new tax on cloud-based software, adjustments to the state’s tax on healthcare providers, and an extension of the current caps on business tax cr… [264 chars]

Source: Bloomberg Tax News | Published: 2026-06-16T20:30:07Z

Credit: Bloomberg Tax News

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