Bill Commons

CA AB 1611

in committee

Taxation: capital gains and losses: single-family rental homes.

California · 2025-2026 Regular Session · lower

Description

The Personal Income Tax Law and the Corporation Tax Law, in modified conformity with federal income tax laws, exclude the recognition of any gain or loss on the exchange of property held for productive use in a trade or business or for investment, if that property is exchanged solely for property of a like kind that is to be held either for productive use in a trade or business or for investment, unless an exception applies. This bill would, under both the Personal Income Tax Law and Corporation Tax Law, prohibit the application of the above-described law to gain from the exchange of single-family residential rental real property, as defined, in this state if the taxpayer owns, as defined, 50 or more single-family residential rental real properties at the time of the sale. The bill would apply to exchanges completed on or after January 1, 2026, for purposes of taxable years commencing on or after January 1, 2026. This bill would include a change in state statute that would result in a taxpayer paying a higher tax within the meaning of Section 3 of Article XIIIA of the California Constitution, and thus would require for passage the approval of 23 of the membership of each house of the Legislature. This bill would take effect immediately as a tax levy.

Introduced
2026-04-20
Status date
—
Latest action
2026-04-27 — In committee: Set, second hearing. Held under submission.
Bill type
bill
Last updated
—

Subjects

Sponsors

  • Haneyauthor

Committees

Not provided by source.

Action timeline

  1. 2026-01-20

    Read first time. To print.

    reading-1

  2. 2026-01-21

    From printer. May be heard in committee February 20.

  3. 2026-03-02

    Referred to Com. on REV. & TAX.

    referral-committee

  4. 2026-04-06

    In committee: Set, first hearing. Referred to REV. & TAX. suspense file.

    referral-committee

  5. 2026-04-20

    From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.

    amendment-introduction,amendment-passage,committee-passage,reading-1,reading-2,referral-committee

  6. 2026-04-21

    Re-referred to Com. on REV. & TAX.

    referral-committee

  7. 2026-04-27

    In committee: Set, second hearing. Held under submission.

Versions

Documents

Votes

Not provided by source.

Related bills

No related bills recorded for this bill.

Official source

http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202520260AB1611

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T01:34:27.960412Z

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