AB 1249

  • California Assembly Bill
  • 2021-2022 Regular Session
  • Introduced in Assembly Feb 19, 2021
  • Passed Assembly Jan 31, 2022
  • Senate
  • Governor

Income taxes: gross income exclusions: wildfires.

Abstract

(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.

Bill Sponsors (12)

Votes


Actions


Jun 13, 2022

Senate

In committee: Referred to suspense file.

  • Referral-Committee
suspense file.

Jun 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.

  • Committee-Passage
  • Committee-Passage-Favorable
  • Referral-Committee
Com. on APPR.

May 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.

  • Amendment-Introduction
  • Amendment-Passage
  • Reading-1
  • Reading-2
  • Referral-Committee
Com. on GOV. & F.

Mar 30, 2022

Senate

Referred to Com. on GOV. & F.

  • Referral-Committee
Com. on GOV. & F.

Feb 01, 2022

Senate

In Senate. Read first time. To Com. on RLS. for assignment.

Jan 31, 2022

Assembly

Read third time. Urgency clause adopted. Passed. Ordered to the Senate. (Ayes 74. Noes 0. Page 3440.).

Jan 25, 2022

Assembly

Read second time. Ordered to third reading.

Jan 24, 2022

Assembly

Read second time and amended. Ordered returned to second reading.

Jan 20, 2022

Assembly

From committee: Amend, and do pass as amended. (Ayes 15. Noes 0.) (January 20).

Jan 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.

  • Committee-Passage
  • Committee-Passage-Favorable
  • Referral-Committee
Com. on APPR.

Assembly

Coauthors revised.

Jan 04, 2022

Assembly

Re-referred to Com. on REV. & TAX.

  • Referral-Committee
Com. on REV. & TAX.

Jan 03, 2022

Assembly

From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.

Mar 04, 2021

Assembly

Referred to Com. on REV. & TAX.

  • Referral-Committee
Com. on REV. & TAX.

Feb 22, 2021

Assembly

Read first time.

Feb 20, 2021

Assembly

From printer. May be heard in committee March 22.

Feb 19, 2021

Assembly

Introduced. To print.

Bill Text

Bill Text Versions Format
AB1249 HTML
02/19/21 - Introduced PDF
01/03/22 - Amended Assembly PDF
01/24/22 - Amended Assembly PDF
05/18/22 - Amended Senate PDF

Related Documents

Document Format
01/07/22- Assembly Revenue and Taxation PDF
01/18/22- Assembly Appropriations PDF
01/25/22- ASSEMBLY FLOOR ANALYSIS PDF
05/26/22- Senate Governance and Finance PDF
06/10/22- Senate Appropriations PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the California State Legislature.

If you notice any inconsistencies with these official sources, feel free to file an issue.