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moves money TNW June 28, 2026

California will tax downloaded software for the first time as part of a $351.7 billion budget deal

California will tax downloaded software for the first time as part of a $351.7 billion budget deal
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California Governor Gavin Newsom and top Democratic legislators agreed on a $351.7 billion state budget that will extend sales tax to prewritten software downloaded from the web. The tax is expected to raise $900 million for the state and another $1.1 billion for local governments starting in fiscal year 2028 and annually thereafter, according to […] This story continues at The Next Web

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