CaliforniaPersonal Income Tax Law: deductions: homeowners' insurance premiums.
What it does
The Personal Income Tax Law, in modified conformity with federal income tax laws, generally allows various deductions in computing the income that is subject to the tax imposed by that law.
More detail
This bill, for taxable years beginning on or after January 1, 2026, and before January 1, 2031, would allow a deduction in computing income for the amount paid or incurred by a qualified taxpayer, as defined, during the taxable year as premiums on a homeowners' insurance policy on the taxpayer's primary residence, as defined.
Existing law requires a 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 include additional information required for any bill authorizing a new tax expenditure.
This bill would take effect immediately as a tax levy.
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Where it stands
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- May 14In committee: Held under submission.Latest
- May 14Joint Rule 62(a), file notice suspended. (Page 5030.)
- May 13In committee: Set, first hearing. Referred to APPR. suspense file.Minor
- Apr 30Re-referred to Com. on APPR.Minor
- Apr 29Read second time and amended.Major
- Apr 28From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (April 27).Major
- Apr 27
- Vote recorded Do pass as amended and be re-referred to the Committee on [Appropriations]. Result: pass.Lower
- Mar 16In committee: Set, first hearing. Referred to suspense file.Minor
- Feb 2Referred to Com. on REV. & TAX.Minor
- Jan 23From printer. May be heard in committee February 22.
- Jan 22Read first time. To print.Introduced