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Updated:   2026-02-04

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Measure
Authors Tangipa  
Subject Personal Income Tax Law: Corporation Tax Law: wildfires: exclusions.
Relating To relating to taxation.
Title An act to add and repeal Sections 17139 and 24309.4 of the Revenue and Taxation Code, relating to taxation.
Last Action Dt 2025-04-21
State Amended Assembly
Status Died
Flags
Vote Req Approp Fiscal Cmte Local Prog Subs Chgs Urgency Tax Levy Active?
Majority No Yes No None No No Y
i
Leginfo Link  
Bill Actions
2026-02-02     From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
2026-01-31     Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
2025-04-28     In committee: Set, second hearing. Referred to REV. & TAX. suspense file.
2025-04-28     In committee: Held under submission.
2025-04-22     Re-referred to Com. on REV. & TAX.
2025-04-21     From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
2025-03-17     In committee: Set, first hearing. Hearing canceled at the request of author.
2025-02-18     Referred to Com. on REV. & TAX.
2025-02-04     From printer. May be heard in committee March 6.
2025-02-03     Read first time. To print.
Versions
Amended Assembly     2025-04-21
Introduced     2025-02-03
Analyses TBD
Latest Text Bill Full Text
Latest Text Digest

The Personal Income Tax Law and the Corporation Tax Law, in conformity with federal income tax law, generally defines “gross income” as income from whatever source derived, except as specifically excluded, and provides various exclusions from gross income.

This bill would, for taxable years beginning on or after January 1, 2023, and before January 1, 2028, provide an exclusion from gross income for a qualified taxpayer, as defined, for amounts received for costs and losses associated with wildfires, as provided.

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

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

This bill would make findings and declarations related to a gift of public funds.