Governor Newsom recently signed Assembly Bill 150, which creates a pass-through entity tax election for companies doing business in California. The entity tax is a workaround to the $10,000 state and local income tax deduction reported on Schedule A attached…

Tesla sold over 200,000 cars in the U.S. last year, so beginning January 1, 2019, the law reduces the federal tax credit to $3,750. The previous maximum amount was $7,500. Tesla cars purchased between January 1st and June 30, 2019,…