California Senate Bill 542
Session 20232024
Personal Income Tax Law: Corporation Tax Law: wildfires: exclusions.
Active
Vetoed by Governor on Sep 29, 2024
Sponsor
Dahle
First Action
Feb 15, 2023
Latest Action
Sep 29, 2024
Origin Chamber
Senate
Type
Bill
Bill Number
542
State
California
Session
20232024
Dahle
grade
Author
Coauthor
Motion Text
Special Consent SB542 Dahle et al. Urgency Clause
Senate Roll Call Votes
Yes
Yes
Yes
Yes
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Other
Yes
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Summary
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.
02/15/23 - Introduced
February 15, 2023
03/20/23 - Amended Senate
March 20, 2023
03/30/23 - Amended Senate
March 30, 2023
07/12/23 - Amended Assembly
July 12, 2023
02/05/24 - Amended Assembly
February 5, 2024
07/03/24 - Amended Assembly
July 3, 2024
08/30/24 - Enrolled
August 30, 2024
03/24/23- Senate Governance and Finance
March 24, 2023
04/16/23- Senate Appropriations
April 16, 2023
05/20/23- Sen. Floor Analyses
May 20, 2023
07/07/23- Assembly Revenue and Taxation
July 7, 2023
06/28/24- Assembly Revenue and Taxation
June 28, 2024
08/05/24- Assembly Appropriations
August 5, 2024
08/19/24- ASSEMBLY FLOOR ANALYSIS
August 19, 2024
08/27/24- Sen. Floor Analyses
August 27, 2024
10/10/24- Sen. Floor Analyses
October 10, 2024
Sort by most recent
09/29/2024
Senate
In Senate. Consideration of Governor's veto pending.
09/29/2024
Senate
Vetoed by the Governor.
09/04/2024
California State Legislature
Enrolled and presented to the Governor at 4 p.m.
08/28/2024
Senate
Assembly amendments concurred in. (Ayes 39. Noes 0. Page 5611.) Ordered to engrossing and enrolling.
08/27/2024
Senate
Ordered to special consent calendar.
08/26/2024
Senate
In Senate. Concurrence in Assembly amendments pending.
08/26/2024
Assembly
Read third time. Urgency clause adopted. Passed. (Ayes 77. Noes 0. Page 6516.) Ordered to the Senate.
08/19/2024
Assembly
Read second time. Ordered to third reading.
08/15/2024
Assembly
From committee: Do pass. (Ayes 14. Noes 0.) (August 15).
08/07/2024
Assembly
August 7 set for first hearing. Placed on suspense file.
07/03/2024
Assembly
Read second time and amended. Re-referred to Com. on APPR.
07/02/2024
Assembly
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (July 1).
07/01/2024
Assembly
July 1 set for first hearing. Placed on REV. & TAX. suspense file.
06/24/2024
Assembly
Re-referred to Com. on REV. & TAX. pursuant to Assembly Rule 96.
02/05/2024
Assembly
From committee with author's amendments. Read second time and amended. Re-referred to Com. on APPR.
07/12/2023
Assembly
Read second time and amended. Re-referred to Com. on APPR.
07/11/2023
Assembly
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 10. Noes 0.) (July 10).
07/10/2023
Assembly
July 10 set for first hearing. Placed on REV. & TAX. suspense file.
06/26/2023
Assembly
June 26 hearing postponed by committee.
06/08/2023
Assembly
Referred to Com. on REV. & TAX.
05/25/2023
Assembly
In Assembly. Read first time. Held at Desk.
05/25/2023
Senate
Read third time. Urgency clause adopted. Passed. (Ayes 40. Noes 0. Page 1301.) Ordered to the Assembly.
05/23/2023
Senate
Ordered to special consent calendar.
05/18/2023
Senate
Read second time. Ordered to third reading.
05/18/2023
Senate
From committee: Do pass. (Ayes 7. Noes 0. Page 1174.) (May 18).
05/12/2023
Senate
Set for hearing May 18.
04/17/2023
Senate
April 17 hearing: Placed on APPR suspense file.
04/10/2023
Senate
Set for hearing April 17.
03/30/2023
Senate
Read second time and amended. Re-referred to Com. on APPR.
03/29/2023
Senate
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).
03/20/2023
Senate
From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.
03/14/2023
Senate
Set for hearing March 29.
02/22/2023
Senate
Referred to Com. on GOV. & F.
02/16/2023
Senate
From printer. May be acted upon on or after March 18.
02/15/2023
Senate
Introduced. Read first time. To Com. on RLS. for assignment. To print.
Sources
Record Created
Feb 16, 2023 7:03:36 AM
Record Updated
Oct 11, 2024 12:29:51 PM