California Assembly Bill 1249
Session 20212022
Income taxes: gross income exclusions: wildfires.
Became Law
Became Law on Sep 29, 2022
Origin Chamber
Assembly
Type
Bill
Bill Number
1249
State
California
Session
20212022
James Gallagher
grade
Author
Coauthor
Coauthor
Dahle
Coauthor
Coauthor
Principal Coauthor
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Coauthor
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Coauthor
Coauthor
Coauthor
Motion Text
AB 1249 Gallagher Concurrence in Senate Amendments
Assembly Roll Call Votes
Yes
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Yes
Fong
Yes
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Summary
(1) 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.
Until January 1, 2028, this bill would provide an exclusion from gross income for any qualified taxpayer, as defined, for amounts received for costs and losses associated with one or more specified fires from a settlement, as provided.
(2) Existing law establishes the continuously appropriated Tax Relief and Refund Account and provides that payments required to be made to taxpayers or other persons from the Personal Income Tax Fund are to be paid from that account.
This bill would authorize the refund of overpayments of tax as a result of the above-described exclusion, in prior tax years, payable out of the Tax Relief and Refund Account. By authorizing new payments from a continuously appropriated fund, this bill would make an appropriation.
(3) Existing law requires that any bill introduced on or after January 1, 2020, that would authorize certain tax expenditures, as defined, or tax exemptions contain, among other things, specific goals, purposes, and objectives that the tax expenditure or exemption will achieve, detailed performance indicators, and data collection requirements.
This bill would include additional information required for any bill authorizing a new tax expenditure.
(4) This bill would apply its provisions to taxable years beginning before, on, and after the effective date of this bill. The bill would make legislative findings and declarations regarding the public purpose served by this bill.
(5) This bill would declare that it is to take effect immediately as an urgency statute.
02/19/21 - Introduced
February 19, 2021
01/03/22 - Amended Assembly
January 3, 2022
01/24/22 - Amended Assembly
January 24, 2022
05/18/22 - Amended Senate
May 18, 2022
08/16/22 - Amended Senate
August 16, 2022
08/24/22 - Amended Senate
August 24, 2022
09/02/22 - Enrolled
September 2, 2022
09/29/22 - Chaptered
September 29, 2022
01/07/22- Assembly Revenue and Taxation
January 7, 2022
01/18/22- Assembly Appropriations
January 18, 2022
01/25/22- ASSEMBLY FLOOR ANALYSIS
January 25, 2022
05/26/22- Senate Governance and Finance
May 26, 2022
06/10/22- Senate Appropriations
June 10, 2022
08/17/22- Sen. Floor Analyses
August 17, 2022
08/26/22- Sen. Floor Analyses
August 26, 2022
08/30/22- ASSEMBLY FLOOR ANALYSIS
August 30, 2022
Sort by most recent
09/29/2022
California State Legislature
Chaptered by Secretary of State - Chapter 749, Statutes of 2022.
09/29/2022
California State Legislature
Approved by the Governor.
09/13/2022
California State Legislature
Enrolled and presented to the Governor at 4 p.m.
08/31/2022
Assembly
Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 80. Noes 0.).
08/30/2022
Assembly
In Assembly. Concurrence in Senate amendments pending.
08/30/2022
Senate
Read third time. Urgency clause adopted. Passed. Ordered to the Assembly. (Ayes 40. Noes 0.).
08/25/2022
Senate
Read second time. Ordered to third reading.
08/24/2022
Senate
Read third time and amended. Ordered to second reading.
08/23/2022
Senate
Ordered to third reading.
08/23/2022
Senate
From special consent calendar.
08/22/2022
Senate
Ordered to special consent calendar.
08/17/2022
Senate
Read second time. Ordered to third reading.
08/16/2022
Senate
Read third time and amended. Ordered to second reading.
08/11/2022
Senate
Read second time. Ordered to third reading.
08/11/2022
Senate
From committee: Do pass. (Ayes 7. Noes 0.) (August 11).
06/13/2022
Senate
In committee: Referred to suspense file.
06/01/2022
Senate
From committee: Do pass and re-refer to Com. on APPR with recommendation: To Consent Calendar. (Ayes 5. Noes 0.) (June 1). Re-referred to Com. on APPR.
05/18/2022
Senate
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on GOV. & F.
03/30/2022
Senate
Referred to Com. on GOV. & F.
02/01/2022
Senate
In Senate. Read first time. To Com. on RLS. for assignment.
01/31/2022
Assembly
Read third time. Urgency clause adopted. Passed. Ordered to the Senate. (Ayes 74. Noes 0. Page 3440.).
01/25/2022
Assembly
Read second time. Ordered to third reading.
01/24/2022
Assembly
Read second time and amended. Ordered returned to second reading.
01/20/2022
Assembly
From committee: Amend, and do pass as amended. (Ayes 15. Noes 0.) (January 20).
01/11/2022
Assembly
From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (January 10). Re-referred to Com. on APPR.
01/11/2022
Assembly
Coauthors revised.
01/04/2022
Assembly
Re-referred to Com. on REV. & TAX.
01/03/2022
Assembly
From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
03/04/2021
Assembly
Referred to Com. on REV. & TAX.
02/22/2021
Assembly
Read first time.
02/20/2021
Assembly
From printer. May be heard in committee March 22.
02/19/2021
Assembly
Introduced. To print.
Sources
Record Created
Feb 20, 2021 6:03:26 AM
Record Updated
Oct 4, 2022 12:28:36 PM