Committee on Budget and Fiscal Review
Author
Existing law establishes, in the Government Operations Agency, the Franchise Tax Board consisting of the Controller, the Director of Finance, and the Chairperson of the State Board of Equalization. Existing law prescribes various powers and duties to the Franchise Tax Board, including, among other things, the administration of state personal income taxes and corporation franchise and income taxes. The Personal Income Tax Law, in conformity with federal income tax laws, defines "gross income" as income from whatever source derived, except as specifically excluded, and provides various exclusions from income, including, for taxable years beginning on or after January 1, 2021, and before January 1, 2030, an exclusion from income for any qualified taxpayer, as defined, for amounts received in settlement in connection with a wildfire in the state, as provided. This bill would amend the definitions provided in that exclusion from tax and would limit the exclusion to qualified amounts made in connection with a qualified wildfire disaster, as defined. This bill would also appropriate $10,000 from the General Fund to the Franchise Tax Board to administer qualified wildfire disaster settlements, as specified. This bill would include a change in state statute that would result in a taxpayer paying a higher tax within the meaning of Section 3 of Article XIIIA of the California Constitution, and thus would require for passage the approval of 23 of the membership of each house of the Legislature. This bill would declare that it is to take effect immediately as a bill providing for appropriations related to the Budget Bill.
Chaptered by Secretary of State. Chapter 112, Statutes of 2025.
Approved by the Governor.
Enrolled and presented to the Governor at 3:30 p.m.
Assembly amendments concurred in. (Ayes 31. Noes 0. Page 2955.) Ordered to engrossing and enrolling.
In Senate. Concurrence in Assembly amendments pending.
Read third time. Passed. (Ayes 69. Noes 1. Page 3327.) Ordered to the Senate.
Withdrawn from committee.
Ordered to third reading.
Assembly Rule 96 suspended. (Ayes 56. Noes 19. Page 3164.)
From committee with author's amendments. Read second time and amended. Re-referred to Com. on BUDGET.
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 28. Noes 10. Page 450.) Ordered to the Assembly.
Read second time. Ordered to third reading.
Ordered to second reading.
Withdrawn from committee. (Ayes 27. Noes 10. Page 384.)
From printer. May be acted upon on or after February 23.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB159 | HTML |
| 01/23/25 - Introduced | |
| 09/08/25 - Amended Assembly | |
| 09/13/25 - Enrolled | |
| 09/17/25 - Chaptered |
| Document | Format |
|---|---|
| 03/19/25- Sen. Floor Analyses | |
| 09/10/25- ASSEMBLY FLOOR ANALYSIS | |
| 09/12/25- Sen. Floor Analyses |
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