Frank Bigelow
- Republican
Author
The Personal Income Tax Law and Corporate Tax Law allow various credits against the taxes imposed by those laws. Existing law requires any 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 allow a credit against those taxes for each taxable year beginning on or after January 1, 2022, and before January 1, 2027, in an amount that is equal to 50% of the amount incurred by a natural person or a small business, as defined, during the taxable year for the purchase, that does not exceed $18,000, of a backup generator for use in a residence or commercial property in a designated wildfire zone, as defined. The bill would also include additional information required for any bill authorizing a new tax expenditure. This bill would take effect immediately as a tax levy.
No votes to display
In committee: Hearing for testimony only.
From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
From printer. May be heard in committee March 21.
Introduced. To print.
| Bill Text Versions | Format |
|---|---|
| AB2892 | HTML |
| 02/18/22 - Introduced | |
| 04/05/22 - Amended Assembly | |
| 04/18/22 - Amended Assembly |
| Document | Format |
|---|---|
| 04/22/22- Assembly Revenue and Taxation |
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