California Senate approves tax workaround News
California Senate approves tax workaround

The California Senate [official website] approved Senate Bill 227 [materials] Tuesday in an attempt to protect its taxpayers from the recent tax overhaul [JURIST report] and its cap on individual deductions for state and local taxes.

The new federal tax law limits the individual deduction for state and local taxes to $10,000, which mostly hurts wealthier Californians. The new law would allow taxpayers to reduce their state taxes by 85 percent of their contribution and then make a charitable contribution instead.

The bill passed with a vote of 27-7 in the Senate and now heads to the Democratic-controlled state Assembly and then to Governor Jerry Brown, a Democrat, for signing. The Assembly will also need to pass legislation that creates the charity.

Lawmakers and leadership in New York and New Jersey are considering similar measures, as well as lawsuits [WSJ report].

THIS DAY @ LAW

UN Security Council called for Israeli withdrawal from territories occupied in Six Days' War

On November 22, 1967, the UN Security Council called for Israeli withdrawal from territories occupied during the Six Days' War, and for respect of the right of all States in the area to "live in peace within secure and recognized boundaries." Read Resolution 242, which remains a cornerstone of efforts to achieve peace in the Middle East.

President Kennedy assassinated, VP Lyndon Johnson sworn inin

On November 22, 1963, President John F. Kennedy was assassinated in Dallas, Texas. Later that day, Vice-President Lyndon Johnson was sworn in as the 36th President of the United States. Earl Warren, the Chief Justice of the Supreme Court, was later tasked with leading a commission to investigate the assassination. President Johnson received the final report of the Warren Commission on September 24, 1964. Read the Warren Commission Report.