CA SB1410

Authorizes landlords and tenants to execute a COVID-19 eviction relief agreement during the state of emergency that allows tenants to defer unpaid rent, with landlords prohibited from evicting for that deferred rent or during the emergency period unless property destruction or public safety threats occur.

Voids any rent demands or eviction notices served from March 4, 2020 (emergency declaration) through the emergency termination period, unless the landlord includes proof of a rejected or accepted COVID-19 relief agreement offer.

Requires tenants to repay deferred rent to the state in equal annual installments over 10 years beginning in 2024, interest-free, with eligibility for reduction or forgiveness based on income levels, with payments withheld from wages or collected by the Franchise Tax Board.

Provides tax credits to landlords equal to deferred rent amounts (plus at least 2% inflation adjustment for small business owners) for taxable years 2024-2033, allowing credits to be carried forward, refunded upon legislative appropriation, or sold to unrelated parties.

Excludes from tenant gross income any rent amounts reduced or forgiven by the Franchise Tax Board, and prohibits deferred rent from being counted toward rent increase calculations under the Tenant Protection Act of 2019.