SB 87

  • California Senate Bill
  • 2021-2022 Regular Session
  • Introduced in Senate Dec 16, 2020
  • Passed Senate Jan 21, 2021
  • Passed Assembly Feb 22, 2021
  • Signed by Governor Feb 23, 2021

California Small Business COVID-19 Relief Grant Program: income tax: gross income: exclusion: small business grants.

Abstract

(1) Existing law establishes the Office of Small Business Advocate (CalOSBA) within the Governor's Office of Business and Economic Development, also known as GO-Biz, to advocate for causes of small business and to provide small businesses with the information they need to survive in the marketplace. Existing law prescribes the duties and functions of the Small Business Advocate, who is also the Director of the Office of Small Business Advocate. This bill would establish the California Small Business COVID-19 Relief Grant Program within CalOSBA to assist qualified small businesses affected by COVID-19 through administration of grants. The bill would require CalOSBA to provide grants to qualified small businesses, as defined, in accordance with specified criteria, including geographic distribution based on COVID-19 restrictions, industry sectors most impacted by the pandemic, and underserved small businesses. The bill would repeal these provisions on January 1, 2024. This bill would appropriate $2,075,000,000 from the General Fund to the Golden State Stimulus Emergency Fund to be transferred to the Office of Small Business Advocate for purposes of the program, and would allocate $50,000,000 of those funds for eligible nonprofit cultural institutions, as defined. (2) The Personal Income Tax Law and the Corporation Tax Law, in conformity with federal income tax law, generally define "gross income" as income from whatever source derived, except as specifically excluded, and provide various exclusions from gross income. This bill would exclude, for taxable years beginning on or after January 1, 2020, and before January 1, 2030, from gross income specified grant allocations, including grant allocations received by a taxpayer pursuant to a grant program funded by Executive Order No. 20/21-182 and pursuant to the California Small Business COVID-19 Relief Grant Program. The bill would authorize the Franchise Tax Board to adopt regulations that are necessary and appropriate to implement the exclusions, and would provide the Administrative Procedure Act does not apply to any regulation, standard, criterion, procedure, determination, rule, notice, guideline, or any other guidance established or issued by the board pursuant to the exclusions. The bill would also authorize the board to include in audits the grants that are excluded from gross income by the bill's provisions. The bill would set forth procedures for recapturing grant amounts if CalOSBA determines that the grantee has failed to meet the criteria for a qualified small business. (3) This bill would also make findings and declarations related to a gift of public funds. (4) This bill would declare that it is to take effect immediately as a bill providing for appropriations related to the Budget Bill.

Bill Sponsors (94)

Allen

     
Principal Coauthor

Dahle

     
Principal Coauthor

Gonzalez

     
Principal Coauthor

Jones

     
Principal Coauthor

Rubio

     
Principal Coauthor

Calderon

     
Principal Coauthor

Fong

     
Principal Coauthor

Luz Rivas

     
Principal Coauthor

Blanca Rubio

     
Principal Coauthor

Salas

     
Principal Coauthor

Votes


Actions


Feb 23, 2021

California State Legislature

Chaptered by Secretary of State. Chapter 7, Statutes of 2021.

California State Legislature

Approved by the Governor.

Feb 22, 2021

Senate

Assembly amendments concurred in. (Ayes 38. Noes 0.) Ordered to engrossing and enrolling.

Senate

In Senate. Concurrence in Assembly amendments pending.

Assembly

Read third time. Passed. (Ayes 76. Noes 0.) Ordered to the Senate.

Assembly

Ordered to third reading.

Assembly

Withdrawn from committee.

Assembly

Assembly Rule 96 and 63 suspended.

California State Legislature

Enrolled and presented to the Governor at 5:30 p.m.

Feb 18, 2021

Assembly

Coauthors revised.

Feb 17, 2021

Assembly

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

  • Amendment-Passage
  • Committee-Passage
  • Reading-1
  • Reading-2
  • Referral-Committee
Com. on BUDGET.

Feb 16, 2021

Assembly

Joint Rule 62(a) suspended. (Ayes 54. Noes 15. Page 328.)

Jan 22, 2021

Assembly

Referred to Com. on BUDGET.

  • Referral-Committee
Com. on BUDGET.

Jan 21, 2021

Senate

Read third time. Passed. (Ayes 22. Noes 2. Page 89.) Ordered to the Assembly.

Assembly

In Assembly. Read first time. Held at Desk.

Jan 15, 2021

Senate

Withdrawn from committee. (Ayes 22. Noes 8. Page 76.)

Senate

Read second time. Ordered to third reading.

Senate

Ordered to second reading.

Jan 11, 2021

Senate

Read first time.

Dec 17, 2020

Senate

From printer. May be acted upon on or after January 16.

Dec 16, 2020

Senate

Introduced. To Com. on RLS. for assignment. To print.

Bill Text

Bill Text Versions Format
SB87 HTML
12/16/20 - Introduced PDF
02/17/21 - Amended Assembly PDF
02/22/21 - Enrolled PDF
02/23/21 - Chaptered PDF

Related Documents

Document Format
No related documents.

Sources

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