California’s proposed $10,000 SALT limitation workarounds die in the Legislature


AB 2217, which would have provided a 90% state tax credit to taxpayers who made donations to various nonprofits and schools through the Golden State Credit Program, failed to pass the California Senate.

SB 227, which would have provided a credit for contributions to a new fund called the California Excellence Fund, was held on suspense.

This means neither bill will be enacted this year, which is not surprising given the IRS's release of proposed regulations disallowing deductions for charitable contributions made for which a state tax credit is claimed.  (IR-2018-172)