California Lawmakers Rush to Tweak SALT Cap, Approve Tax Breaks

This week in state tax news: California lawmakers sent a bill fixing the state’s SALT deduction cap workaround and a handful of other tax policy bills to the governor’s desk before wrapping up their annual session. Meanwhile, New York, South Carolina, and a handful of other states say they won’t tax forgiven federal student loan debt, and a New York court approves a settlement with a global headhunter over objections from a whistleblower.

Like so many college students cramming for finals, California lawmakers rushed to pass hundreds of bills before the clock ran out on their 2022 session. ...