Heather Hadwick
- Republican
- Assemblymember
- District 1
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, 2022, and before January 1, 2027, would provide an exclusion from gross income for amounts received by a qualified taxpayer, as defined, 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 related to a gift of public funds. This bill would declare that it is to take effect immediately as an urgency statute.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Urgency clause adopted. Passed. Ordered to the Senate. (Ayes 77. Noes 0. Page 2082.).
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 14. Noes 0.) (May 23).
In committee: Set, first hearing. Referred to APPR. suspense file.
Joint Rule 62(a), file notice suspended. (Page 1627.)
In committee: Hearing postponed by committee.
Read second time and amended.
From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (May 5).
In committee: Set, first hearing. Referred to REV. & TAX. suspense file.
From printer. May be heard in committee March 8.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB429 | HTML |
| 02/05/25 - Introduced | |
| 05/08/25 - Amended Assembly |
| Document | Format |
|---|---|
| 03/14/25- Assembly Revenue and Taxation | |
| 05/02/25- Assembly Revenue and Taxation | |
| 05/19/25- Assembly Appropriations | |
| 05/28/25- ASSEMBLY FLOOR ANALYSIS |
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