Andreas Borgeas
- Republican
Author
The Personal Income Tax Law and the Corporation 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 on or after January 1, 2023, and before January 1, 2028, in an amount that is equal to 50% of the amount incurred, subject to specified limitations, by a natural person or a small business, as defined, during the taxable year for the purchase of a backup electricity generator or a solar battery for use in a residence or commercial property in a designated wildfire zone, as defined. The bill would define "backup electricity generator" to mean a standby or portable device that can generate at least 10 kilowatts, is designed and manufactured exclusively for the purpose of generating electricity, and complies with applicable air quality standards promulgated by the State Air Resources Board. The bill would provide that the credit is only operative for taxable years for which an appropriation is made for its purposes in the annual Budget Act or other statute. 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.
June 20 hearing: Heard for testimony only.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX.
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 38. Noes 0. Page 3986.) Ordered to the Assembly.
Ordered to special consent calendar.
Read second time. Ordered to third reading.
From committee: Do pass as amended. (Ayes 7. Noes 0. Page 3790.) (May 19).
Read second time and amended. Ordered to second reading.
Set for hearing May 19.
May 16 hearing: Placed on APPR suspense file.
Set for hearing May 16.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 0. Page 3608.) (May 4). Re-referred to Com. on APPR.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.
Set for hearing May 4.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.
From printer.
Article IV Section 8(a) of the Constitution and Joint Rule 55 dispensed with February 7, 2022, suspending the 30 calendar day requirement.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB1266 | HTML |
| 02/18/22 - Introduced | |
| 03/31/22 - Amended Senate | |
| 04/18/22 - Amended Senate | |
| 04/28/22 - Amended Senate | |
| 05/19/22 - Amended Senate | |
| 06/13/22 - Amended Assembly |
| Document | Format |
|---|---|
| 05/02/22- Senate Governance and Finance | |
| 05/13/22- Senate Appropriations | |
| 05/19/22- Senate Appropriations | |
| 05/23/22- Sen. Floor Analyses | |
| 06/17/22- Assembly Revenue and Taxation |
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