WatchGov

California bills · 2025-2026 Regular Session

California AB 97

Personal Income Tax Law: Corporation Tax Law: Bobcat Fire: exclusions.

  1. Introduced
  2. In committee
  3. Passed House
  4. Passed Senate
  5. To Governor
  6. Became law

Sponsors

Cosponsors (3)

Summary

Official abstract published by the California legislature· summary

The Personal Income Tax Law and the Corporation Tax Law, in conformity with federal income tax law, generally define "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, 2024, and before January 1, 2029, would provide an exclusion from gross income for any qualified taxpayer, as defined, for amounts received in settlement for costs and losses associated with the 2020 Bobcat Fire in the County of Los Angeles, as provided. 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 make findings and declarations related to a gift of public funds. This bill would declare that it is to take effect immediately as an urgency statute.

Text versions

Roll-call votes

State vote data last updated Oct 16, 2026, 4:04 AM.

DateVoteResultYour legislators
Jun 4, 2025
House		AB 97 Lackey Third Reading UrgencypassSet your home in California to see
May 23, 2025
House		Do pass.passSet your home in California to see
May 5, 2025
House		Do pass and be re-referred to the Committee on [Appropriations]passSet your home in California to see

Actions