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

California's $351.7 billion state budget, agreed upon by Governor Newsom and Democratic legislators, extends sales tax to prewritten software downloaded from the web for the first time. Previously, only software sold on physical discs was taxed. The measure is expected to raise $900 million for the state and $1.1 billion for local governments annually starting in fiscal year 2028. Critics argue it will raise costs for businesses relying on software tools. The budget also includes a November ballot measure to allow the state to save more from revenue spikes like anticipated AI company IPOs (OpenAI, Anthropic), while building reserves in anticipation of federal healthcare funding cuts under Trump.

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