Last month, at the California Income tax agency's board meeting, the board was panicking about how to generate more revenue: https://www.ftb.ca.gov/about-ftb/meetings/board-meetings/2023/december-2023/2023FilingSeasonUpdate-PowerPoint-Outline-12062023.pdf

At the meeting they let members of the public speak on issues, and one of the speakers went off on how the CA income tax agency's aggressive policies and lack of coherence to IRS code was driving businesses out of CA. She made a big point about how the lost revenue wasn't being recouped other places. The video isn't posted yet, but when it is, it'll be here: https://www.ftb.ca.gov/about-ftb/meetings/index.html

Edit to add: CA has lost 25% of its tax revenue, hence the panic: https://archive.is/4o8ZB

Last month, at the California Income tax agency's board meeting, the board was panicking about how to generate more revenue: https://www.ftb.ca.gov/about-ftb/meetings/board-meetings/2023/december-2023/2023FilingSeasonUpdate-PowerPoint-Outline-12062023.pdf

At the meeting they let members of the public speak on issues, and one of the speakers went off on how the CA income tax agency's aggressive policies and lack of coherence to IRS code was driving businesses out of CA. She made a big point about how the lost revenue wasn't being recouped other places. The video isn't posted yet, but when it is, it'll be here: https://www.ftb.ca.gov/about-ftb/meetings/index.html