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CA AB1611
Bill
Status
Introduced
1/20/2026
Primary Sponsor
Matt Haney
Click for details
AI Summary
- Prohibits taxpayers who own 50 or more single-family residential rental properties from using 1031 like-kind exchanges to defer capital gains taxes on property sales in California
- Applies to both individual taxpayers under the Personal Income Tax Law and businesses under the Corporation Tax Law
- "Ownership" includes both direct ownership and indirect ownership through partial or full interest in entities that own the properties
- Takes effect for exchanges completed on or after January 1, 2026, for taxable years beginning on or after January 1, 2026
- Requires a two-thirds vote in both legislative houses for passage because it results in higher taxes
Legislative Description
Taxation: capital gains and losses: single-family rental homes.
Last Action
Referred to Com. on REV. & TAX.
3/2/2026
Committee Referrals
Revenue and Taxation3/2/2026
Full Bill Text
No bill text available