Loading chat...
CA AB1620
Bill
Status
Introduced
1/22/2026
Primary Sponsor
Kate Sanchez
Click for details
AI Summary
- Allows California taxpayers to deduct homeowners' insurance premiums paid on their primary residence from state income taxes
- Applies to taxable years beginning January 1, 2026, through December 31, 2030 (5-year period)
- Primary residence must qualify for either the homeowner's exemption or veteran's exemption under California tax law
- Requires the Franchise Tax Board to submit annual reports to the Legislature starting December 1, 2027, detailing the number of taxpayers claiming the deduction
- Takes effect immediately as a tax levy; automatically repeals on December 1, 2031
Legislative Description
Personal Income Tax Law: deductions: homeowners’ insurance premiums.
Last Action
Read second time and amended.
4/29/2026
Committee Referrals
Appropriations4/28/2026
Revenue and Taxation2/2/2026
Full Bill Text
No bill text available