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CA AB2979

Bill

Official Source

Status

Passed

7/15/2024

Primary Sponsor

Mike Fong

Click for details

Origin

State Assembly

2023-2024 Session

AI Summary

  • Adds Section 17131.14 to the Revenue and Taxation Code to exclude payments from the California Victim Compensation Board from gross income for state income tax purposes
  • Applies to payments made pursuant to Sections 13955 and 13970 of the Government Code to crime victims and derivative victims
  • Legislature finds the exclusion necessary to prevent further hardship to crime victims receiving compensation from the state board
  • Aligns California law with federal treatment under Internal Revenue Service Revenue Ruling 74-74, which excludes similar crime victim compensation payments from federal gross income
  • Effective immediately upon approval on July 15, 2024

Legislative Description

Income taxation: exclusion: victim compensation.

Last Action

Chaptered by Secretary of State - Chapter 119, Statutes of 2024.

7/15/2024

Committee Referrals

Appropriations6/12/2024
Revenue and Taxation5/29/2024
Rules5/22/2024
Appropriations4/30/2024
Revenue and Taxation3/18/2024

Full Bill Text

No bill text available