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| Authors | Hadwick | |||||||||||||||||||||||||||
| Subject | Personal Income Tax Law: deduction: teachers. | |||||||||||||||||||||||||||
| Relating To | relating to taxation, to take effect immediately, tax levy. | |||||||||||||||||||||||||||
| Title | An act to amend Section 17072 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy. | |||||||||||||||||||||||||||
| Last Action Dt | 2025-03-24 | |||||||||||||||||||||||||||
| State | Amended Assembly | |||||||||||||||||||||||||||
| Status | Died | |||||||||||||||||||||||||||
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| Analyses | TBD | |||||||||||||||||||||||||||
| Latest Text | Bill Full Text | |||||||||||||||||||||||||||
| Latest Text Digest |
The Personal Income Tax Law, in general conformity with federal tax law, allows various deductions from gross income in calculating adjusted gross income. The Personal Income Tax Law generally applies the federal definition of adjusted gross income, but excepts the deduction allowed for certain expenses of elementary and secondary school teachers. This bill would conform with federal law for purposes of the deduction allowed for certain expenses of elementary and secondary school teachers for taxable years beginning on or after January 1, 2026, and before January 1, 2031. Existing law requires any bill authorizing a new tax expenditure, as defined, to include tax credits, deductions, exclusions, or exemptions, to contain, among other things, specific goals, purposes, and objectives that the tax credit will achieve, detailed performance indicators, and data collection requirements. This bill would include findings and collection requirements in compliance with this requirement. This bill would take effect immediately as a tax levy. |