Open Financial Statements Act

State Senator Moorlach gets to say "I told you so!" over California's attempted end-run around recent changes to federal tax law.

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The California State Senate voted unanimously to approve SB 598, the Open Financial Statements Act, to create the Open Financial Statements Commission, and take the first steps to transition state and local financial statements to a machine-readable format. SB 598 is headed to the Assembly for committee referral. “Following a …continue reading