CA SB 1435
enactedPersonal Income Tax Law and Corporation Tax Law: federal conformity.
California · 2025-2026 Regular Session · upper
Subscribe in a feed reader. The feed covers recorded actions from the last 30 days; Bill Commons may record an action after it happened at the legislature.
Quick answers
Did CA SB 1435 pass?
Yes. CA SB 1435 has been enacted into law. Latest recorded action (2026-09-14): Chaptered by Secretary of State. Chapter 236, Statutes of 2026.
What is CA SB 1435 about?
Under the Personal Income Tax Law and the Corporation Tax Law, various provisions of the federal Internal Revenue Code, as enacted as of a specified date, are referenced in various sections of the Revenue and Taxation Code. Those laws provide that, for taxable years beginning on or after January 1, 2025, the specified date of those referenced Internal Revenue Code sections is January 1, 2025, unless otherwise specifically provided. This bill would further update various references to the Internal Revenue Code for the purposes of the Personal Income Tax Law and the Corporation Tax Law, including by deleting outdated references to repealed provisions of federal income tax laws and updating references to the Internal Revenue Code to reduce confusion. The Personal Income Tax Law and the Corporation Tax Law, in modified conformity with federal income tax laws, provide a deduction from income for interest paid on indebtedness incurred in the ordinary course of a trade or business. Existing federal income tax law establishes a limit on the amount of interest that can be deducted based in part on the taxpayer's adjusted taxable income, as defined. Existing law specifically does not conform to this limitation on deduction of business interest for purposes of the Corporation Tax Law. This bill would, for taxable years beginning on or after January 1, 2025, provide that the limit on deductibility for business interest under federal income tax law does not apply for purposes of the Personal Income Tax Law. This bill would take effect immediately as a tax levy.
Who sponsors CA SB 1435?
Committee on Revenue and Taxation is the primary sponsor of CA SB 1435.
Description
Under the Personal Income Tax Law and the Corporation Tax Law, various provisions of the federal Internal Revenue Code, as enacted as of a specified date, are referenced in various sections of the Revenue and Taxation Code. Those laws provide that, for taxable years beginning on or after January 1, 2025, the specified date of those referenced Internal Revenue Code sections is January 1, 2025, unless otherwise specifically provided. This bill would further update various references to the Internal Revenue Code for the purposes of the Personal Income Tax Law and the Corporation Tax Law, including by deleting outdated references to repealed provisions of federal income tax laws and updating references to the Internal Revenue Code to reduce confusion. The Personal Income Tax Law and the Corporation Tax Law, in modified conformity with federal income tax laws, provide a deduction from income for interest paid on indebtedness incurred in the ordinary course of a trade or business. Existing federal income tax law establishes a limit on the amount of interest that can be deducted based in part on the taxpayer's adjusted taxable income, as defined. Existing law specifically does not conform to this limitation on deduction of business interest for purposes of the Corporation Tax Law. This bill would, for taxable years beginning on or after January 1, 2025, provide that the limit on deductibility for business interest under federal income tax law does not apply for purposes of the Personal Income Tax Law. This bill would take effect immediately as a tax levy.
- Introduced
- 2026-03-11
- Latest action
- 2026-09-14 — Chaptered by Secretary of State. Chapter 236, Statutes of 2026.
- Bill type
- bill
- Last updated
- —
Subjects
Sponsors
- Committee on Revenue and Taxationauthor
Committees
Not provided by source.
Action timeline
Newest first
2026-09-14
Chaptered by Secretary of State. Chapter 236, Statutes of 2026.
became-law
2026-09-14
Approved by the Governor.
executive-signature
2026-09-04
Enrolled and presented to the Governor at 2 p.m.
executive-receipt
2026-08-27
Assembly amendments concurred in. (Ayes 39. Noes 0.) Ordered to engrossing and enrolling.
amendment-passage,committee-passage,committee-passage-favorable
2026-08-26
Ordered to special consent calendar.
2026-08-24
Read third time. Passed. Ordered to the Senate.
passage,reading-1,reading-3
2026-08-24
In Senate. Concurrence in Assembly amendments pending.
2026-08-24
Read third time. Passed. (Ayes 77. Noes 0. Page 6427.) Ordered to the Senate.
passage,reading-1,reading-3
2026-08-13
Read second time. Ordered to third reading.
reading-1,reading-2,reading-3
2026-08-13
From committee: Do pass. (Ayes 15. Noes 0.) (August 13).
committee-passage,committee-passage-favorable
2026-08-13
Assembly Rule 63 suspended.
2026-08-05
August 5 set for first hearing. Placed on suspense file.
2026-06-30
From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (June 29). Re-referred to Com. on APPR.
committee-passage,committee-passage-favorable,referral-committee
2026-06-30
June 29 set for first hearing. Placed on suspense file.
2026-06-22
From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX.
amendment-passage,committee-passage,reading-1,reading-2,referral-committee
2026-06-01
Referred to Com. on REV. & TAX.
referral-committee
2026-05-22
In Assembly. Read first time. Held at Desk.
reading-1
2026-05-22
Read third time. Passed. (Ayes 33. Noes 0. Page 4422.) Ordered to the Assembly.
passage,reading-1,reading-3
2026-05-20
Ordered to special consent calendar.
2026-05-14
Read second time. Ordered to third reading.
reading-1,reading-2,reading-3
2026-05-14
From committee: Do pass. (Ayes 7. Noes 0. Page 4277.) (May 14).
committee-passage,committee-passage-favorable
2026-05-08
Set for hearing May 14.
2026-05-04
May 4 hearing: Placed on APPR. suspense file.
2026-04-28
Set for hearing May 4.
2026-04-23
Read second time and amended. Re-referred to Com. on APPR.
amendment-passage,reading-1,reading-2,referral-committee
2026-04-22
From committee: Do pass as amended and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 5. Noes 0. Page 4016.) (April 22).
amendment-passage,committee-passage,committee-passage-favorable,referral-committee
2026-04-09
Set for hearing April 22.
2026-03-18
Referred to Com. on REV. & TAX.
referral-committee
2026-03-12
From printer. May be acted upon on or after April 11.
2026-03-11
Introduced. Read first time. To Com. on RLS. for assignment. To print.
introduction,reading-1,referral-committee
Versions
Documents
- application/pdf
- application/pdf
- application/pdf
- text/html
- application/pdf(no extracted text yet)
- application/pdf(no extracted text yet)
- application/pdf(no extracted text yet)
- application/pdf(no extracted text yet)
- application/pdf(no extracted text yet)
- application/pdf(no extracted text yet)
- application/pdf(no extracted text yet)
- application/pdf
- application/pdf
Votes
Do pass as amended, but first amend, and re-refer to the Committee on [Appropriations] with the recommendation: To Consent Calendar
2026-04-22 · pass · 5-0
Member-level votes (5)
- Alvarado-Gil: yes
- Ashby: yes
- Grayson: yes
- Becker: yes
- McNerney: yes
Placed on suspense file
2026-05-04 · pass · 7-0
Member-level votes (7)
- Dahle: yes
- Cervantes: yes
- Wahab: yes
- Richardson: yes
- Seyarto: yes
- Cabaldon: yes
- Grayson: yes
Do pass
2026-05-14 · pass · 7-0
Member-level votes (7)
- Cervantes: yes
- Seyarto: yes
- Wahab: yes
- Cabaldon: yes
- Dahle: yes
- Richardson: yes
- Grayson: yes
Special Consent SB1435 REV. & TAX.
2026-05-22 · pass · 33-0
Member-level votes (40)
- Rubio: yes
- Durazo: yes
- Cortese: yes
- McNerney: yes
- Pérez: yes
- Weber Pierson: yes
- Strickland: yes
- Gonzalez: yes
- Cabaldon: yes
- Wiener: yes
- Cervantes: yes
- Umberg: yes
- Blakespear: yes
- Archuleta: yes
- Arreguín: yes
- Valladares: yes
- Reyes: yes
- Ashby: yes
- Jones: yes
- Dahle: yes
- Limón: yes
- Seyarto: yes
- Grove: yes
- Smallwood-Cuevas: yes
- Caballero: yes
- Choi: yes
- Richardson: yes
- McGuire: yes
- Laird: yes
- Wahab: yes
- Ochoa Bogh: yes
- Menjivar: yes
- Grayson: yes
- Becker: other
- Hurtado: other
- Padilla: other
- Alvarado-Gil: other
- Stern: other
- Niello: other
- Allen: other
Do pass and be re-referred to the Committee on [Appropriations]
2026-06-29 · pass · 7-0
Member-level votes (7)
- Quirk-Silva: yes
- Gipson: yes
- McKinnor: yes
- Sanchez: yes
- Carrillo: yes
- DeMaio: yes
- Michelle Rodriguez: yes
Related bills
No related bills recorded for this bill.
Official source
Attribution
Data from openstates_api_sync, retrieved 2026-09-17T07:00:41.322955Z
Inspect retained evidence for changes recorded after evidence tracking began:
Session-wide evidence can include changes to other bills:
Use this data
Every field on this page is available from the free public API — no key or licence required. Fetch this bill as JSON: GET /api/v1/bills?jurisdiction=CA&identifier=SB 1435. See the API docs or the MCP server for AI assistants.
Known limitations
- Sponsor party and chamber affiliation are not yet captured by this API.
- Committee referrals are not yet captured.
- Some documents have no extracted text yet, so version comparison may be limited.
See the methodology page for data sources and limitations.