CaliforniaPersonal Income Tax Law: exclusions: guaranteed income pilot programs.
What it does
The Personal Income Tax Law, in conformity with federal income tax law, generally defines "gross income" as income from whatever source derived, and provides various exclusions from gross income, including, until July 1, 2026, an exclusion for payments received from a guaranteed income pilot program or related grants, as specified. Existing law repeals this exclusion as of January 1, 2027.
More detail
This bill would extend the above-referenced exclusion from gross income until July 1, 2031, and would repeal it as of January 1, 2032.
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 also 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 Senate
- Passed Assembly
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Feb 2Returned to Secretary of Senate pursuant to Joint Rule 56.Latest
- 2025
- Apr 2From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX.Major
- Apr 2Re-referred to Com. on REV. & TAX.Minor
- Mar 26From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.Major
- Mar 5Referred to Com. on RLS.Minor
- Feb 21From printer. May be acted upon on or after March 23.
- Feb 20Introduced. Read first time. To Com. on RLS. for assignment. To print.Introduced