AB 994

  • California Assembly Bill
  • 2021-2022 Regular Session
  • Introduced in Assembly
  • Assembly
  • Senate
  • Governor

Income taxation: exclusion: California Small Business COVID-19 Relief Grant Program.


The Personal Income Tax Law and the Corporation Tax Law, in modified conformity with federal law, generally define "gross income" as income from whatever source derived, except as specifically excluded, and provides various exclusions from gross income for purposes of computing tax liability. Existing law requires any bill authorizing a new tax expenditure to contain, among other things, specific goals, purposes, and objectives that the tax expenditure will achieve, detailed performance indicators, and data collection requirements. This bill, for taxable years beginning on or after January 1, 2021, and before January 1, 2026, would exclude, under both laws, from gross income the amount of a grant awarded pursuant to the California Small Business COVID-19 Relief Grant Program. This bill would take effect immediately as a tax levy.

Bill Sponsors (18)


No votes to display


Mar 04, 2021


Referred to Com. on REV. & TAX.

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

Feb 19, 2021


From printer. May be heard in committee March 21.

Feb 18, 2021


Read first time. To print.

Bill Text

Bill Text Versions Format
02/18/21 - Introduced PDF

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