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CA AB2673
Bill
Status
Introduced
2/20/2026
Primary Sponsor
Celeste Rodriguez
Click for details
AI Summary
- Creates a 50% tax credit for qualified contributions to promote childcare, capped at $100,000 per taxpayer per year, applicable to both personal income and corporation taxes
- Applies to taxable years beginning January 1, 2027 through January 1, 2032, with unused credits carrying forward for up to five years
- Qualified contributions include donations to establish or operate licensed childcare facilities, grant/loan programs for parents needing childcare assistance, pooled business contributions for new facilities, and childcare information/referral services
- Excludes contributions to facilities where the taxpayer or related persons have a financial interest
- Requires the Franchise Tax Board to submit annual reports to the Legislature starting July 1, 2029, tracking the number of claimants, credit amounts, and recipient facilities
Legislative Description
Personal Income Tax Law: Corporation Tax Law: credit: childcare.
Last Action
Referred to Com. on REV. & TAX.
3/16/2026
Committee Referrals
Revenue and Taxation3/16/2026
Full Bill Text
No bill text available