Scott Wilk
- Republican
- Senator
- District 21
Author
The Personal Income Tax Law and the Corporation Tax Law, in conformity with federal income tax law, generally defines "gross income" as income from whatever source derived, except as specifically excluded, and provides various exclusions from gross income. This bill, for taxable years beginning on or after January 1, 2024, and before January 1, 2029, would provide an exclusion from gross income for any qualified taxpayer, as defined, for amounts received for costs and losses associated with wildfires, as provided. 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.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (July 1). Re-referred to Com. on APPR.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX.
June 24 set for first hearing. Placed on suspense file.
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 37. Noes 0. Page 4178.) Ordered to the Assembly.
Ordered to special consent calendar.
From committee: Do pass. (Ayes 7. Noes 0. Page 3968.) (May 16).
Read second time. Ordered to third reading.
Set for hearing May 16.
April 8 hearing: Placed on APPR suspense file.
Set for hearing April 8.
Read second time and amended. Re-referred to Com. on APPR.
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 7. Noes 0. Page 3290.) (March 13).
Set for hearing March 13.
From printer. May be acted upon on or after March 3.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB1004 | HTML |
| 02/01/24 - Introduced | |
| 03/14/24 - Amended Senate | |
| 06/26/24 - Amended Assembly |
| Document | Format |
|---|---|
| 03/11/24- Senate Revenue and Taxation | |
| 04/05/24- Senate Appropriations | |
| 05/17/24- Sen. Floor Analyses | |
| 06/21/24- Assembly Revenue and Taxation | |
| 06/28/24- Assembly Revenue and Taxation |
Data on Open States is updated periodically throughout the day from the official website of the California State Legislature.
If you notice any inconsistencies with these official sources, feel free to file an issue.