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Measure SB 573
Authors Smallwood-Cuevas  
Subject Personal Income Tax Law: exclusions: guaranteed income pilot programs.
Relating To relating to taxation, to take effect immediately, tax levy.
Title An act to amend Section 17131.12 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.
Last Action Dt 2025-04-02
State Amended Senate
Status In Committee Process
Active? Y
Vote Required Majority
Appropriation No
Fiscal Committee Yes
Local Program No
Substantive Changes None
Urgency Yes
Tax Levy Yes
Leginfo Link Bill
Actions
2025-04-02     Re-referred to Com. on REV. & TAX.
2025-04-02     From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX.
2025-03-26     From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
2025-03-05     Referred to Com. on RLS.
2025-02-21     From printer. May be acted upon on or after March 23.
2025-02-20     Introduced. Read first time. To Com. on RLS. for assignment. To print.
Keywords
Tags
Versions
Amended Senate     2025-04-02
Amended Senate     2025-03-26
Introduced     2025-02-20
Last Version Text 
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		<ns0:AuthorText authorType="LEAD_AUTHOR">Introduced by Senator Smallwood-Cuevas</ns0:AuthorText>
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		<ns0:Title>An act to amend Section 17131.12 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.</ns0:Title>
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			<ns0:Subject>Personal Income Tax Law: exclusions: guaranteed income pilot programs.</ns0:Subject>
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			<html:p>The Personal Income Tax Law, in conformity with federal income tax law, generally defines “gross income” as income from whatever source derived, and provides various exclusions from gross income, including, until July 1, 2026, an exclusion for payments received from a guaranteed income pilot program or related grants, as specified. Existing law repeals this exclusion as of January 1, 2027.</html:p>
			<html:p>This bill would extend the above-referenced exclusion from gross income until July 1, 2031, and would repeal it as of January 1, 2032.</html:p>
			<html:p>Existing law requires any bill authorizing a new tax expenditure to contain, among other things, specific goals, purposes, and objectives that the tax expenditure will achieve, detailed performance
			 indicators, and data collection requirements. </html:p>
			<html:p>This bill also would include additional information required for any bill authorizing a new tax expenditure. </html:p>
			<html:p>This bill would take effect immediately as a tax levy.</html:p>
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		<ns0:Preamble>The people of the State of California do enact as follows:</ns0:Preamble>
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				Section 17131.12 of the 
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								(a)
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								Gross income does not include any payments received by an individual from a guaranteed income pilot program or project that receives a grant pursuant to Section 18997 of the Welfare and Institutions Code.
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								(b)
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								This section shall become inoperative on July 1, 2031, and, as of January 1, 2032, is repealed.
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				<html:p>For the purpose of complying with Section 41 of the Revenue and Taxation Code, as it relates to Section 17131.12 of that code, the Legislature finds and declares as follows:</html:p>
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					(a)
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					The specific goal of the extension of the exclusion provided pursuant to Section 17131.12 of the Revenue and Taxation Code is to continue to provide financial relief to vulnerable Californians.
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					(b)
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					There is no available data to collect or report with respect to the exclusion.
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				<html:p>This act provides for a tax levy within the meaning of Article IV of the California Constitution and shall go into immediate effect.</html:p>
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Last Version Text Digest The Personal Income Tax Law, in conformity with federal income tax law, generally defines “gross income” as income from whatever source derived, and provides various exclusions from gross income, including, until July 1, 2026, an exclusion for payments received from a guaranteed income pilot program or related grants, as specified. Existing law repeals this exclusion as of January 1, 2027. This bill would extend the above-referenced exclusion from gross income until July 1, 2031, and would repeal it as of January 1, 2032. Existing law requires any bill authorizing a new tax expenditure to contain, among other things, specific goals, purposes, and objectives 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.