California Senate Bill 946
Session 20232024
Personal Income Tax Law: Corporation Tax Law: exclusions: wildfire mitigation payments.
Became Law
Became Law on Sep 29, 2024
Origin Chamber
Senate
Type
Bill
Bill Number
946
State
California
Session
20232024
Mike McGuire
grade
Author
Motion Text
Special Consent
Senate Roll Call Votes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Other
Yes
Yes
Yes
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, 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.
01/18/24 - Introduced
January 18, 2024
03/14/24 - Amended Senate
March 14, 2024
04/29/24 - Amended Senate
April 29, 2024
07/03/24 - Amended Assembly
July 3, 2024
08/22/24 - Amended Assembly
August 22, 2024
08/30/24 - Enrolled
August 30, 2024
09/29/24 - Chaptered
September 29, 2024
05/06/24- Senate Revenue and Taxation
May 6, 2024
05/10/24- Senate Appropriations
May 10, 2024
05/17/24- Sen. Floor Analyses
May 17, 2024
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
08/23/24- ASSEMBLY FLOOR ANALYSIS
August 23, 2024
08/27/24- Sen. Floor Analyses
August 27, 2024
Sort by most recent
09/29/2024
California State Legislature
Chaptered by Secretary of State. Chapter 987, Statutes of 2024.
09/29/2024
California State Legislature
Approved 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 5612.) 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. Passed. (Ayes 77. Noes 0. Page 6521.) Ordered to the Senate.
08/22/2024
Assembly
Ordered to third reading.
08/22/2024
Assembly
Read third time and amended.
08/22/2024
Assembly
Assembly Rule 69(b)(1) suspended.
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.
06/03/2024
Assembly
Referred to Com. on REV. & TAX.
05/24/2024
Assembly
In Assembly. Read first time. Held at Desk.
05/23/2024
Senate
Read third time. Passed. (Ayes 37. Noes 0. Page 4177.) Ordered to the Assembly.
05/20/2024
Senate
Ordered to special consent calendar.
05/16/2024
Senate
Read second time. Ordered to third reading.
05/16/2024
Senate
From committee: Do pass. (Ayes 7. Noes 0. Page 3965.) (May 16).
05/14/2024
Senate
Set for hearing May 16.
05/13/2024
Senate
May 13 hearing: Placed on APPR suspense file.
05/09/2024
Senate
Set for hearing May 13.
05/08/2024
Senate
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.
04/29/2024
Senate
From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX.
04/03/2024
Senate
Re-referred to Com. on REV. & TAX.
03/14/2024
Senate
From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
02/14/2024
Senate
Referred to Com. on RLS.
01/19/2024
Senate
From printer. May be acted upon on or after February 18.
01/18/2024
Senate
Introduced. Read first time. To Com. on RLS. for assignment. To print.
Sources
Record Created
Jan 19, 2024 12:17:00 PM
Record Updated
Oct 10, 2024 12:31:01 PM