Mike McGuire
- Democratic
- Senator
- District 2
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, 2024, and before January 1, 2029, provide an exclusion from gross income for amounts received by a qualified taxpayer, as defined, as a California qualified wildfire loss mitigation payment, as defined. Existing law requires a bill authorizing a new tax expenditure to contain, among other things, specific goals 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 authorize the Franchise Tax Board to provide specified data requested by the joint powers authority, as defined, and would make taxpayer information received by the joint powers authority subject to limitations on the collection and use of that information. By expanding the scope of a crime, this bill would impose a state-mandated local program. The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that no reimbursement is required by this act for a specified reason. This bill would take effect immediately as a tax levy.
Approved by the Governor.
Chaptered by Secretary of State. Chapter 987, Statutes of 2024.
Enrolled and presented to the Governor at 4 p.m.
Assembly amendments concurred in. (Ayes 39. Noes 0. Page 5612.) Ordered to engrossing and enrolling.
Ordered to special consent calendar.
Read third time. Passed. (Ayes 77. Noes 0. Page 6521.) Ordered to the Senate.
In Senate. Concurrence in Assembly amendments pending.
Assembly Rule 69(b)(1) suspended.
Ordered to third reading.
Read third time and amended.
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.
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 37. Noes 0. Page 4177.) Ordered to the Assembly.
Ordered to special consent calendar.
From committee: Do pass. (Ayes 7. Noes 0. Page 3965.) (May 16).
Read second time. Ordered to third reading.
Set for hearing May 16.
May 13 hearing: Placed on APPR suspense file.
Set for hearing May 13.
From committee: Do pass and re-refer to Com. on APPR with recommendation: To consent calendar. (Ayes 6. Noes 0. Page 3865.) (May 8). Re-referred to Com. on APPR.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
From printer. May be acted upon on or after February 18.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB946 | HTML |
| 01/18/24 - Introduced | |
| 03/14/24 - Amended Senate | |
| 04/29/24 - Amended Senate | |
| 07/03/24 - Amended Assembly | |
| 08/22/24 - Amended Assembly | |
| 08/30/24 - Enrolled | |
| 09/29/24 - Chaptered |
| Document | Format |
|---|---|
| 05/06/24- Senate Revenue and Taxation | |
| 05/10/24- Senate Appropriations | |
| 05/17/24- Sen. Floor Analyses | |
| 06/28/24- Assembly Revenue and Taxation | |
| 08/05/24- Assembly Appropriations | |
| 08/19/24- ASSEMBLY FLOOR ANALYSIS | |
| 08/23/24- ASSEMBLY FLOOR ANALYSIS | |
| 08/27/24- Sen. Floor Analyses |
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.