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Updated:   2026-02-04

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Measure
Authors Tangipa  
Subject Personal Income Tax Law: deduction from gross income: car loan interest payments.
Relating To relating to taxation, to take effect immediately, tax levy.
Title An act to amend Section 17072 of, and to add and repeal Section 17205 of, the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.
Last Action Dt 2025-02-10
State Introduced
Status Died
Flags
Vote Req Approp Fiscal Cmte Local Prog Subs Chgs Urgency Tax Levy Active?
Majority No No 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, second hearing. Held under submission.
2025-03-17     In committee: Set, first hearing. Referred to REV. & TAX. suspense file.
2025-02-24     Referred to Com. on REV. & TAX.
2025-02-11     From printer. May be heard in committee March 13.
2025-02-10     Read first time. To print.
Versions
Introduced     2025-02-10
Analyses TBD
Latest Text Bill Full Text
Latest Text Digest

The Personal Income Tax Law, in modified conformity with federal income tax laws, allows various deductions from gross income in calculating adjusted gross income.

This bill, for taxable years beginning on or after January 1, 2026, and before January 1, 2031, would allow a deduction from adjusted gross income for an amount equal to the interest paid on a qualified motor vehicle loan, as defined. The bill would limit this deduction to one qualified motor vehicle loan per taxpayer.

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

This bill would take effect immediately as a tax levy.