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CA AB2283

Bill

Official Source

Status

Introduced

2/13/2018

Primary Sponsor

Chris Holden

Click for details

Origin

State Assembly

2017-2018 Session

AI Summary

  • Extends the income tax exclusion for turf removal water conservation rebates from local water agencies through January 1, 2024 (previously set to expire January 1, 2019)
  • Applies the exclusion to both personal income tax and corporation tax for taxable years beginning on or after January 1, 2014
  • Excludes from gross income any rebates, vouchers, or financial incentives received by individuals or businesses participating in turf removal water conservation programs
  • Takes effect immediately as a tax levy measure
  • Both affected sections (17138.2 and 24308.2 of the Revenue and Taxation Code) will be repealed on December 1, 2024

Legislative Description

Income taxes: exclusion: turf removal water conservation program.

Last Action

In committee: Held under submission.

5/25/2018

Committee Referrals

Appropriations3/20/2018
Revenue and Taxation3/1/2018

Full Bill Text

No bill text available