Session:   
Updated:   2026-02-04

Home - Bills - Bill - Authors - Dates - Locations - Analyses - Organizations

Measure
Authors Wallis   Flora  
Subject Personal Income Tax Law: credits: insurance.
Relating To relating to taxation, to take effect immediately, tax levy.
Title An act to add and repeal Section 17053.84 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.
Last Action Dt 2025-04-28
State Amended Assembly
Status Died
Flags
Vote Req Approp Fiscal Cmte Local Prog Subs Chgs Urgency Tax Levy Active?
Majority No Yes No None Yes Yes Y
i
Leginfo Link  
Bill Actions
2025-06-05     From committee: Without further action pursuant to Joint Rule 62(a).
2025-05-05     In committee: Set, final hearing. Held under submission.
2025-04-29     Re-referred to Com. on REV. & TAX.
2025-04-28     From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
2025-04-21     In committee: Set, second hearing. Referred to suspense file.
2025-04-07     In committee: Set, first hearing. Hearing canceled at the request of author.
2025-03-13     Referred to Com. on REV. & TAX.
2025-02-24     Read first time.
2025-02-22     From printer. May be heard in committee March 24.
2025-02-21     Introduced. To print.
Versions
Amended Assembly     2025-04-28
Introduced     2025-02-21
Analyses TBD
Latest Text Bill Full Text
Latest Text Digest

The Personal Income Tax Law allows various credits against the tax imposed by that law.

This bill would, for taxable years beginning on or after January 1, 2026, and before January 1, 2031, allow a credit against that tax to a qualified taxpayer, as defined, equal to the amount paid during the taxable year for premium payments made by the taxpayer for a policy of residential property insurance, as defined, minus the base year premium, defined as the premium paid by the taxpayer for a fire insurance policy in the 2023 calendar year.

Existing law requires any bill authorizing a new tax expenditure to contain, among other things, specific goals, purposes, and objectives that the tax expenditure will achieve, detailed performance indicators, and data collection requirements.

This bill also would include additional information required for any bill authorizing a new tax expenditure.

This bill would take effect immediately as a tax levy.