Session:   
Updated:   2026-02-23

Home - Bills - Bill - Authors - Dates - Locations - Analyses - Organizations

Measure
Authors Hurtado  
Subject Personal Income Tax Law: Corporation Tax Law: credits: shortline railroad expenditures and railroad infrastructure.
Relating To relating to taxation, to take effect immediately, tax levy.
Title An act to add Sections 17053.31, 17053.32, 23631, and 23632 to the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.
Last Action Dt 2026-02-20
State Introduced
Status Pending Referral
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
2026-02-20     Introduced. To Com. on RLS. for assignment. To print.
Versions
Introduced     2026-02-20
Analyses TBD
Latest Text Bill Full Text
Latest Text Digest

The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws.

This bill, the Shortline Railroad Modernization Act of 2026, would allow credits against those taxes for each taxable year beginning on or after January 1, 2026, to a qualified taxpayer in an amount equal to 50% of the qualified shortline railroad expenditures and 50% of the qualified new rail infrastructure expenditures, as defined and specified.

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 take effect immediately as a tax levy.