AB 1860 (Bauer-Kahan) | In the Assembly Committee on Revenue & Taxation
Topic: Personal Income Tax Law: exclusions: student loan debt
Summary: Excludes from gross income, for purposes of the Personal Income Tax Law, amounts resulting from the discharge of student loan debt and medical debt, as specified.
AB 1865 (Patterson) | In the Assembly Committee on Revenue & Taxation
Topic: Personal income taxes: exclusion: homeownership savings accounts
Summary: Excludes from gross income any amount accruing to a first-time homeownership savings account, as defined, whose beneficiary is a qualified taxpayer. Also excludes from gross income any amount withdrawn from a first-time homeownership savings account that is used to pay for qualified homeownership savings expenses of a qualified taxpayer who established the account.
AB 1867 (Sanchez) | In the Assembly Committee on Revenue & Taxation
Topic: Personal Income Tax Law: deductions: homeowners’ insurance premiums
Summary: Allows, under the Personal Income Tax Law, a deduction equal to the costs paid or incurred by a taxpayer for a homeowners' insurance policy, as specified.
AB 1932 (Ward) | In the Assembly Committee on Revenue & Taxation
Topic: Personal income tax: mortgage interest deduction.
Summary: Disallows the mortgage interest deduction on any property that is not a taxpayer's primary residence.
AB 1973 (Lackey) | In the Assembly Committee on Revenue & Taxation
Topic: Personal Income Tax Law: Corporation Tax Law: Bobcat Fire: exclusions
Summary: Excludes from gross income amounts received in settlement arising out of the 2020 Bobcat Fire, in the County of Los Angeles.
AB 2294 (Schiavo) |In the Assembly Committee on Revenue & Taxation
Topic: Personal Income Tax Law: Corporation Tax Law: New Employment Credit.
Summary: Attempts to incentivize hiring new employees by expanding businesses eligible for tax credits with an incentive to hire people from under-resourced communities.
AB 2312 (Wallis) | In the Assembly Committee on Revenue & Taxation
Topic: Personal income taxes: deduction: qualified education loans.
Summary: Removes the $2,500 limitation on the above-the-line deduction for interest paid on "higher education expenses.”
AB 2524 (Ward) | In the Assembly Committee on Revenue & Taxation
Topic: Personal Income Tax Law: deferred compensation: exclusions: long-term qualified tuition program
Summary: Excludes from gross income rollover distributions made from a qualified tuition program to an IRA under certain conditions.
AB 2829 (Papan) | Referred to the Revenue and Taxation and Privacy and Consumer Protection Committees
Topic: Digital Advertising Services Tax Law
Summary: Imposes on companies with global revenues of $100 million a year a five percent tax on digital advertising revenue generated in California in order to fund youth mental health services.
AB 2861 (Wallis) | In the Assembly Committee on Revenue & Taxation
Topic: Personal income tax: credit: gun safe
Summary: Allows a credit of up to $300 for a taxpayer who has purchased a gun safe.
AB 2979 (Fong) | In the Assembly Committee on Revenue and Taxation
Topic: Income taxation: exclusion: victim compensation
Summary: Excludes from gross income any payment received from the California Victim Compensation Board.
AB 3287 (Committee on Revenue and Taxation) | Referred to the Assembly Committee on Revenue and Taxation
Topic: Electronic notifications
Summary: Deletes the January 1, 2025 sunset date for the Franchise Tax Board's authority to use alternative communication methods with electing taxpayers.
SB 230 (Seyarto) | Passed Senate committees, to the Assembly
Topic: Income tax: health savings accounts
Summary: Allows similar tax deduction treatment of Health Savings Accounts under state law that applies under federal law
SB 911 (Seyarto) | In the Senate Appropriations Committee
Topic: Income taxation: exclusion: military survivor benefits
Summary: Excludes survivor benefits or payments paid by a United States Department of Defense Survivor Benefit Plan from gross income for state tax purposes.
SB 927 (Dahle) | In the Senate Appropriations Committee
Topic: Income taxes: gross income exclusions: state of emergency: natural disaster settlements
Summary: Enacts personal income and corporation tax exclusions for amounts received in settlement by a taxpayer to replace property damaged or destroyed by a natural disaster.
SB 946 (McGuire) | Referred to the Senate Committee on Revenue and Taxation
Topic: Personal Income Tax Law: Corporation Tax Law: exclusions: wildfire mitigation payments
Summary: Excludes from gross income amounts received from a California qualified wildfire loss mitigation payment.
SB 952 (Dahle) | In the Senate Committee on Revenue and Taxation
Topic: Personal income taxes: Fire Safe Home Tax Credits Act
Summary: Provides a tax credit to qualified taxpayers for costs relating to home hardening or vegetation management.
SB 1059 (Bradford) | In the Senate Committee on Business, Professions and Economic Development
Topic: Cannabis: local taxation: gross receipts.
Summary: Excludes the amount of any cannabis excise tax or sales and use tax from the definition of gross receipts for purposes of local cannabis taxes; repeals Proposition 64’s penalty for underpayment of tax of at least one-half the amount of the cannabis taxes not paid.
SB 1102 (Nguyen) | In the Senate Appropriations Committee
Topic: Personal Income Tax Law: Corporation Tax Law: oil spill: exclusions
Summary: Enacts Personal Income and Corporation Tax exclusions for any amount received by a qualified taxpayer in settlement for claims relating to the October 2, 2021, oil spill off the coast of the County of Orange near the City of Huntington Beach.
SB 1135 (Limón) | In the Senate Committees on Revenue & Taxation
Topic: Greenhouse Gas Reduction Fund: income taxes: credit
Summary: In part, authorize credits against the personal income tax and the corporation tax for qualified expenditures related to the application of compost on agricultural lands, ranchlands, or rangelands to improve soils, sequester carbon, and reduce GHG emissions, as specified.
SB 1192 (Portantino) | In the Senate Appropriations Committee
Topic: Personal Income Tax Law: Small Business Relief Act: elective tax
Summary: Extends the sunset date by two years for various sections of current law establishing the state’s elective pass-through entity.
SB 1436 (Allen) | In the Senate Government Organization Commmittee
Topic: California Tax Policy Oversight Board
Summary: Establishes, in the Government Operations Agency, the California Tax Policy Oversight Board to work collaboratively with California’s tax agencies to promote clarity and communication and to consider recommendations regarding input brought by the tax agencies, taxpayers, or other state or local entities, as specified.
SB 1501 (Glazer) | In the Senate Appropriations Committee
Topic: Small Business Relief Act: Penalties
Summary: Allows a taxpayer to pay elective pass through entity tax without meeting the prepayment requirement if they pay a penalty equal to 5% of the elective tax paid for that taxable year.
Business Focus
AB 1928 (Sanchez) | In the Assembly Committee on Labor & Employment
Topic: Worker classification: employees and independent contractors
Summary: Would repeal 2019’s AB 5, which re-classified some independent contractors as employees
AB 1870 (Ortega) | In the Assembly Appropriations Committee
Topic: Notice to employees: legal services
Summary: Requires the notice informing employees of their workers’ compensation rights to include information about an injured employee’s ability to consult an attorney for advice and that attorney’s fees often will be paid from the injured employee’s recovery.
AB 2011 (Bauer-Kahan) | Passed Assembly committees; to the Senate
Topic: Unlawful employment practices: small employer family leave mediation program
Summary: Modifies and makes permanent the small employer family leave mediation pilot program administered by the Civil Rights Department.
SB 1205 (Laird) | In the Senate Appropriations Committee
Topic: Workers’ compensation: medical benefits
Summary: Entitles specified injured employees who are still able to work to temporary disability indemnity payment for wages lost as a result of medical treatment, and all reasonable expenses of transportation, meals, and lodging associated with that treatment.
Previously Tracked 2024 Bills
SB 1172 (Grove). Amended to extend the sunset date for the California Breast Cancer Voluntary Contribution Fund. As indicated in the February report, there are other bills that would add or extend existing voluntary contribution funds; they are not tracked in CSTC reports.
