CA AB27

Excludes from state gross income any compensation received on or after March 1, 2024, for losses, damages, expenses, relocation, suffering, property value losses, or closing costs related to the Chiquita Canyon elevated temperature landfill event that began May 1, 2022, in Los Angeles County

The tax exclusion applies to taxable years from January 1, 2024, through January 1, 2029, and covers payments from federal, state, or local government agencies as well as from Waste Connections, Inc. and its subsidiaries, insurers, or agents

Prohibits Chiquita Canyon compensation payments from being counted as income or resources when determining eligibility or benefit amounts for means-tested programs including CalWORKs, Medi-Cal, CalFresh, and other public assistance programs

Payors of Chiquita Canyon event compensation must provide documentation to the Franchise Tax Board upon request

The provisions become inoperative on December 1, 2029, and if the Commission on State Mandates determines the act contains state-mandated costs, reimbursement to local agencies shall be made pursuant to existing law