Dahle
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 would, for taxable years beginning on or after January 1, 2022, and before January 1, 2027, provide an exclusion from gross income for any qualified taxpayer, as defined, for amounts received in settlement for costs and losses associated with the 2021 Dixie Fire in the Counties of Butte, Plumas, Lassen, Shasta, and Tehama, or the 2022 Mill Fire in the County of Siskiyou, 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. The bill would make legislative findings and declarations regarding the public purpose served by this bill. This bill would declare that it is to take effect immediately as an urgency statute.
Enrolled and presented to the Governor at 4 p.m.
Assembly amendments concurred in. (Ayes 39. Noes 0.) Ordered to engrossing and enrolling.
Ordered to special consent calendar.
In Senate. Concurrence in Assembly amendments pending.
Read third time. Urgency clause adopted. Passed. (Ayes 77. Noes 0. Page 6516.) Ordered to the Senate.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 14. Noes 0.) (August 15).
August 7 set for first hearing. Placed on suspense file.
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 6. Noes 0.) (July 1).
July 1 set for first hearing. Placed on REV. & TAX. suspense file.
Re-referred to Com. on REV. & TAX. pursuant to Assembly Rule 96.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on APPR.
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 10. Noes 0.) (July 10).
July 10 set for first hearing. Placed on REV. & TAX. suspense file.
June 26 hearing postponed by committee.
In Assembly. Read first time. Held at Desk.
Read third time. Urgency clause adopted. Passed. (Ayes 40. Noes 0. Page 1301.) Ordered to the Assembly.
Ordered to special consent calendar.
From committee: Do pass. (Ayes 7. Noes 0. Page 1174.) (May 18).
Read second time. Ordered to third reading.
Set for hearing May 18.
April 17 hearing: Placed on APPR suspense file.
Set for hearing April 17.
Read second time and amended. Re-referred to Com. on APPR.
From committee: Do pass as amended and re-refer to Com. on APPR with recommendation: To consent calendar. (Ayes 8. Noes 0. Page 573.) (March 29).
From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.
Set for hearing March 29.
From printer. May be acted upon on or after March 18.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB542 | HTML |
| 02/15/23 - Introduced | |
| 03/20/23 - Amended Senate | |
| 03/30/23 - Amended Senate | |
| 07/12/23 - Amended Assembly | |
| 02/05/24 - Amended Assembly | |
| 07/03/24 - Amended Assembly | |
| 08/30/24 - Enrolled |
| Document | Format |
|---|---|
| 03/24/23- Senate Governance and Finance | |
| 04/16/23- Senate Appropriations | |
| 05/20/23- Sen. Floor Analyses | |
| 07/07/23- Assembly Revenue and Taxation | |
| 06/28/24- Assembly Revenue and Taxation | |
| 08/05/24- Assembly Appropriations | |
| 08/19/24- ASSEMBLY FLOOR ANALYSIS | |
| 08/27/24- Sen. Floor Analyses |
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