CA AB2171

Requires the Legislature to establish in a separate statute the total authorized amount for any tax benefit taking effect on or after January 1, 2011, for each taxable year or reporting period.

Tax benefits taking effect on or after January 1, 2011, are only allowed up to the amount annually determined in a separate statute, based on the state's ability to meet its expenditure obligations.

Prohibits allowance of any tax benefit established after January 1, 2011, until the Legislature determines the allowable amount in a separate statute.

Defines "tax benefit" as a credit, deduction, exclusion, exemption, or other tax advantage that reduces a person's state tax liability.