Federal Income Tax Changes Summary for 2012
We prepared our 2012 Summary of Federal Income Tax Changes that we provide annually to the Legislature. Our 2012 summary explains new federal laws, along with the effective dates, and the corresponding California law, if any. It includes an explanation of any changes made in response to the new federal law, and the impact on California revenue if California conforms to the federal changes.
The summary also contains citations to the section numbers of federal public laws, IRC, and how the federal changes affect R&TC.