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California bills · 2025-2026 Regular Session

California SB 302

Personal Income Tax Law and Corporation Tax Law: exclusions: environmental credits.

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

Sponsors

Cosponsors (5)

Summary

Official abstract published by the California legislature· summary

Existing law, 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. Existing federal law authorizes an applicable entity, as defined, to receive a refund for specified environmental credits against the taxes imposed under federal law and excludes a refund payment made pursuant to that law from gross income. Existing federal law also authorizes an eligible taxpayer, as defined, to transfer the value of that refundable credit and exempts from gross income payment received by the transferor as consideration for the transfer. Existing federal law prohibits the transferee from deducting the amount paid as consideration for the transfer. This bill, in conformity with federal law, for taxable years beginning on or after January 1, 2026, and before January 1, 2031, would exclude from gross income a refund payment made for the specified federal environmental credits described above and any payment received by a transferor as consideration for a transfer, as provided. The bill would also prohibit a transferee from deducting the amount paid as consideration for the transfer, in conformity with federal law. 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.

Text versions

Roll-call votes

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

DateVoteResultYour legislators
Sep 11, 2025
Senate		Unfinished Business SB302 Padilla et al. ConcurrencepassSet your home in California to see
Sep 10, 2025
House		SB 302 Padilla Senate Third Reading By Petrie-NorrispassSet your home in California to see
Aug 29, 2025
House		Do pass.passSet your home in California to see
Jul 14, 2025
House		Do pass as amended and be re-referred to the Committee on [Appropriations]passSet your home in California to see
May 29, 2025
Senate		Special Consent SB302 Padilla et al.passSet your home in California to see
May 23, 2025
Senate		Do passpassSet your home in California to see
Apr 7, 2025
Senate		Placed on suspense filepassSet your home in California to see
Mar 26, 2025
Senate		Do pass as amended, but first amend, and re-refer to the Committee on [Appropriations]passSet your home in California to see

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