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Updated:   2026-04-07

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Measure
Authors Soria  
Subject Personal Income Tax Law and Corporation Tax Law: deductions: accelerated depreciation for new manufacturing operations.
Relating To relating to taxation, to take effect immediately, tax levy.
Title An act to add and repeal Sections 17250.6 and 24349.3 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.
Last Action Dt 2026-03-26
State Amended Assembly
Status In Committee Process
Flags
Vote Req Approp Fiscal Cmte Local Prog Subs Chgs Urgency Tax Levy Active?
Majority No Yes Yes None Yes Yes Y
i
Leginfo Link  
Bill Actions
2026-04-06     Re-referred to Com. on REV. & TAX.
2026-03-26     From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
2026-03-23     Re-referred to Com. on REV. & TAX.
2026-03-19     Referred to Com. on REV. & TAX.
2026-03-19     From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
2026-02-20     From printer. May be heard in committee March 22.
2026-02-19     Read first time. To print.
Versions
Amended Assembly     2026-03-26
Amended Assembly     2026-03-19
Introduced     2026-02-19
Analyses TBD
Latest Text Bill Full Text
Latest Text Digest

The Personal Income Tax Law and the Corporation Tax Law, in conformity or modified conformity with federal income tax laws, allows various deductions in computing the income that is subject to the taxes imposed by those laws, including a deduction for depreciation of certain property put into the service of a trade or business.

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

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

This bill would take effect immediately as a tax levy.