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Updated:   2026-02-04

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Measure
Authors Wallis  
Coauthors: Alanis   Castillo   Chen   Davies   DeMaio   Dixon   Essayli   Flora   Gallagher   Jeff Gonzalez   Hadwick   Lackey   Macedo   Patterson   Sanchez   Ta   Tangipa  
Subject Personal Income Tax: tax credits: fire-resistant home improvements.
Relating To relating to taxation, to take effect immediately, tax levy.
Title An act to add and repeal Section 17053.4 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.
Last Action Dt 2025-04-07
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
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.
2025-05-05     In committee: Set, first hearing. Held under submission.
2025-04-08     Re-referred to Com. on REV. & TAX.
2025-04-07     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. Referred to REV. & TAX. suspense file.
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     2025-04-07
Introduced     2025-02-03
Analyses TBD
Latest Text Bill Full Text
Latest Text Digest

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

This bill would allow a credit against those taxes for each taxable year beginning on or after January 1, 2025, and before January 1, 2030, to a qualified taxpayer, as defined, in an amount equal to 40% of the taxpayer’s qualified expenses, as defined, not to exceed $400 per taxable year, or $2,000 cumulatively.

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

The 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.