Full bill information | Assemblymember Mike A. Gipson
Summary: This bill, upon appropriation by the Legislature, for taxable years beginning on or after January 1, 2023, if the amount of credit computed for an eligible individual is less than $355, as specified, would allow the credit for the eligible individual to be $355, except as otherwise specified.
Full bill information | Assemblyman James Gallagher
Summary: This bill would extend the above-described renter’s credit to spouses filing joint returns, heads of household, and surviving spouses if adjusted gross income is $150,000, as adjusted, or less, and for other individuals if adjusted gross income is $75,000, as adjusted, or less. The bill would also increase the credit amount for those years to $2,000 for spouses filing joint returns, heads of households, and surviving spouses and $1,000 for other individuals.
Full bill information | Assemblyman James Gallagher
Summary: This bill would extend the 5-year time period by 3 years if property was substantially damaged or destroyed by the 2018 Camp Fire disaster, as proclaimed by the Governor, on or after November 1, 2018, but on or before November 20, 2018. The bill would make these provisions applicable to the determination of base year values for the 2018–19 fiscal year and fiscal years thereafter.
Full bill information | Assemblymember Damon Connolly
Summary: The Personal Income Tax Law allows various credits against the taxes imposed by that law. This bill would allow a credit against those taxes for each taxable year beginning on or after January 1, 2023, and before January 1, 2028, to a qualified taxpayer, as defined, in an amount equal to 40% of the taxpayer’s qualified expenses, as defined, not to exceed $400 per taxable year, or $2,000 cumulatively.
Full bill information | Assemblymember Greg Wallis
Summary: Current federal law, the Consolidated Appropriations Act, 2023, excludes from gross income, for federal income tax purposes, distributions from a qualified tuition program that are made after December 31, 2023, and are paid in a direct trustee-to-trustee transfer to a Roth IRA, as described. This bill would exempt from gross income distribution made from a Scholarshare trust account after December 31, 2023, that are paid in a direct trustee-to-trustee transfer to a Roth IRA.
Full bill information | Senator Monique Limón
Summary: This bill, for taxable years beginning on or after January 1, 2024, and before January 1, 2034, would allow a credit in the amount of 30% of the costs of startup expenses for qualified childcare programs or constructing certain specified childcare facilities, not to exceed $50,000 for the taxable year. This bill would also allow a credit in the amount of 30% of the cost paid or incurred by the taxpayer for contributions to a qualified care plan made on behalf of any qualified dependent of the taxpayer’s qualified employees, not to exceed $360 for each qualified dependent.
Full bill information | Senator Anna Caballero
Summary: This bill, for taxable years beginning on or after January 1, 2025, would require the Franchise Tax Board to provide a free tax return preparation program that utilizes the pre-population of data for qualified individuals to complete and e-file their California personal income tax returns.