SB 1266

  • California Senate Bill
  • 2021-2022 Regular Session
  • Introduced in Senate Feb 18, 2022
  • Passed Senate May 26, 2022
  • Assembly
  • Governor

Income taxes: credits: designated wildfire zones.

Abstract

The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws. Existing law requires any bill authorizing a new tax expenditure to contain, among other things, specific goals, purposes, and objectives the tax expenditure will achieve, detailed performance indicators, and data collection requirements. This bill would allow a credit against those taxes for each taxable year on or after January 1, 2023, and before January 1, 2028, in an amount that is equal to 50% of the amount incurred, subject to specified limitations, by a natural person or a small business, as defined, during the taxable year for the purchase of a backup electricity generator or a solar battery for use in a residence or commercial property in a designated wildfire zone, as defined. The bill would define "backup electricity generator" to mean a standby or portable device that can generate at least 10 kilowatts, is designed and manufactured exclusively for the purpose of generating electricity, and complies with applicable air quality standards promulgated by the State Air Resources Board. The bill would provide that the credit is only operative for taxable years for which an appropriation is made for its purposes in the annual Budget Act or other statute. The bill would also include additional information required for any bill authorizing a new tax expenditure. This bill would take effect immediately as a tax levy.

Bill Sponsors (1)

Votes


Actions


Jun 20, 2022

Assembly

June 20 hearing: Heard for testimony only.

Jun 13, 2022

Assembly

From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX.

  • Amendment-Passage
  • Committee-Passage
  • Reading-1
  • Reading-2
  • Referral-Committee
Com. on REV. & TAX.

Jun 02, 2022

Assembly

Referred to Com. on REV. & TAX.

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

May 27, 2022

Assembly

In Assembly. Read first time. Held at Desk.

May 26, 2022

Senate

Read third time. Passed. (Ayes 38. Noes 0.) Ordered to the Assembly.

May 24, 2022

Senate

Ordered to special consent calendar.

May 23, 2022

Senate

Read second time. Ordered to third reading.

May 19, 2022

Senate

From committee: Do pass as amended. (Ayes 7. Noes 0.) (May 19).

Senate

Read second time and amended. Ordered to second reading.

May 17, 2022

Senate

Set for hearing May 19.

May 16, 2022

Senate

May 16 hearing: Placed on APPR suspense file.

May 06, 2022

Senate

Set for hearing May 16.

May 05, 2022

Senate

From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 0. Page 3608.) (May 4). Re-referred to Com. on APPR.

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

Apr 28, 2022

Senate

From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.

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

Apr 20, 2022

Senate

Set for hearing May 4.

Apr 18, 2022

Senate

From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.

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

Mar 31, 2022

Senate

From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.

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

Mar 17, 2022

Senate

Referred to Com. on GOV. & F.

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

Feb 22, 2022

Senate

From printer.

Feb 18, 2022

Senate

Article IV Section 8(a) of the Constitution and Joint Rule 55 dispensed with February 7, 2022, suspending the 30 calendar day requirement.

Senate

Introduced. Read first time. To Com. on RLS. for assignment. To print.

Bill Text

Bill Text Versions Format
SB1266 HTML
02/18/22 - Introduced PDF
03/31/22 - Amended Senate PDF
04/18/22 - Amended Senate PDF
04/28/22 - Amended Senate PDF
05/19/22 - Amended Senate PDF
06/13/22 - Amended Assembly PDF

Related Documents

Document Format
05/02/22- Senate Governance and Finance PDF
05/13/22- Senate Appropriations PDF
05/19/22- Senate Appropriations PDF
05/23/22- Sen. Floor Analyses PDF
06/17/22- Assembly Revenue and Taxation PDF

Sources

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