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California Cos. Can Exclude Virus Relief Loans From State Taxes – California will allow state taxpayers to exclude federal coronavirus relief business loans from state taxes and will deny deductions for business expenses paid with those forgiven loans under a bill …
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Calif. Lawmakers OK Excluding COVID-19 Loans From Tax – The California Legislature passed a bill that would allow state taxpayers to exclude federal coronavirus relief business loans from state taxes and would deny business expense deductions that were …