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| Authors |
Ochoa Bogh
Grove
Valladares
Coauthors: Hurtado Seyarto |
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| Subject | Personal income taxes: deductions: tips. | |||||||||||||||||||||||||||||||||||||||||||||
| 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 17211 of, the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy. | |||||||||||||||||||||||||||||||||||||||||||||
| Last Action Dt | 2025-05-05 | |||||||||||||||||||||||||||||||||||||||||||||
| State | Amended Senate | |||||||||||||||||||||||||||||||||||||||||||||
| Status | Died | |||||||||||||||||||||||||||||||||||||||||||||
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| 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, 2036, would allow a deduction in determining adjusted gross income for an amount equal to the qualified tips, as defined, received by a qualified taxpayer, as defined, during the taxable year, not to exceed $20,000. 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. |