Bill Commons

CA SB 268

dead

Income taxes: gross income exclusions: state of emergency: natural disaster settlements.

California · 2025-2026 Regular Session · upper

Quick answers

Did CA SB 268 pass?

No. CA SB 268 did not pass — it was defeated or died in the legislative process (2026-02-02). Latest recorded action (2026-02-02): Returned to Secretary of Senate pursuant to Joint Rule 56.

What is CA SB 268 about?

The Personal Income Tax Law and the Corporation Tax Law, in conformity with federal income tax law, generally defines gross income as income from whatever source derived, except as specifically excluded, and provides various exclusions from gross income. This bill, for taxable years beginning on or after January 1, 2025, and before January 1, 2030, would provide an exclusion from gross income for amounts received from a settlement entity, as defined, by a qualified taxpayer, as defined, to replace property that is located in a city or county in this state and that was damaged or destroyed by a disaster or accidental or human-caused event for which a state of emergency or local emergency, as defined, was proclaimed. Existing law requires a bill authorizing a new tax expenditure to contain, among other things, specific goals, purposes, and objectives the tax expenditure will achieve, detailed performance indicators, and data collection requirements. This bill would include additional information required for any bill authorizing a new tax expenditure. This bill would take effect immediately as a tax levy.

Who sponsors CA SB 268?

Choi is the primary sponsor of CA SB 268, joined by 6 cosponsors.

Description

The Personal Income Tax Law and the Corporation Tax Law, in conformity with federal income tax law, generally defines gross income as income from whatever source derived, except as specifically excluded, and provides various exclusions from gross income. This bill, for taxable years beginning on or after January 1, 2025, and before January 1, 2030, would provide an exclusion from gross income for amounts received from a settlement entity, as defined, by a qualified taxpayer, as defined, to replace property that is located in a city or county in this state and that was damaged or destroyed by a disaster or accidental or human-caused event for which a state of emergency or local emergency, as defined, was proclaimed. Existing law requires a bill authorizing a new tax expenditure to contain, among other things, specific goals, purposes, and objectives the tax expenditure will achieve, detailed performance indicators, and data collection requirements. This bill would include additional information required for any bill authorizing a new tax expenditure. This bill would take effect immediately as a tax levy.

Introduced
2025-02-03
Latest action
2026-02-02 — Returned to Secretary of Senate pursuant to Joint Rule 56.
Bill type
bill
Last updated
—

Subjects

Sponsors

  • Choiauthor
  • Jonescoauthor
  • Niellocoauthor
  • Ochoa Boghcoauthor
  • Alaniscoauthor
  • Jeff Gonzalezcoauthor
  • Pattersoncoauthor

Committees

Not provided by source.

Action timeline

  1. 2025-02-03

    Introduced. Read first time. To Com. on RLS. for assignment. To print.

    introduction,reading-1,referral-committee

  2. 2025-02-04

    From printer. May be acted upon on or after March 6.

  3. 2025-02-14

    Referred to Com. on REV. & TAX.

    referral-committee

  4. 2025-03-18

    Set for hearing May 14.

  5. 2025-04-28

    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

  6. 2025-05-07

    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

  7. 2025-05-14

    From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 0. Page 1081.) (May 14). Re-referred to Com. on APPR.

    committee-passage,committee-passage-favorable,referral-committee

  8. 2025-05-15

    Set for hearing May 19.

  9. 2025-05-19

    May 19 hearing: Placed on APPR. suspense file.

  10. 2025-05-20

    Set for hearing May 23.

  11. 2025-05-23

    May 23 hearing: Held in committee and under submission.

  12. 2026-02-02

    Returned to Secretary of Senate pursuant to Joint Rule 56.

    failure

Versions

  • 02/03/25 - Introduced — 2025-02-03Compare
  • 04/28/25 - Amended Senate — 2025-04-28Compare
  • 05/07/25 - Amended Senate — 2025-05-07Compare
  • SB268Compare
  • (document, no version)Compare

Documents

Votes

  • Do pass, but first be re-referred to the Committee on [Appropriations]

    2025-05-14 · pass · 5-0

    Member-level votes (5)
    • Grayson: yes
    • Ashby: yes
    • Valladares: yes
    • McNerney: yes
    • Umberg: yes

  • Placed on suspense file

    2025-05-19 · pass · 5-0

    Member-level votes (7)
    • Wahab: yes
    • Grayson: yes
    • Caballero: yes
    • Seyarto: yes
    • Richardson: yes
    • Cabaldon: other
    • Dahle: other

Related bills

No related bills recorded for this bill.

Official source

http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202520260SB268

Attribution

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

Inspect retained evidence for changes recorded after evidence tracking began:

Source and document changesStatus and relationship changes

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