“For many years, California entrepreneurs and investors have taken advantage of the deduction.  But now the state has apparently decided that it no longer needs to encourage entrepreneurs to start and keep their companies in California.  So it is eliminating the tax deduction.  Far more startling, the state is eliminating the deduction retroactively–going all the back to 2008.  In other words, anyone who sold their California company in the past 5 years and took advantage of the tax deduction is now going to have to pay the tax.  With interest!”

http://www.businessinsider.com/california-entrepreneurs-retroactive-tax-2013-1

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