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California bills · 2025-2026 Regular Session

California SB 376

Incomplete gift nongrantor trusts: Personal Income Tax Law.

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

Sponsors

Summary

Official abstract published by the California legislature· summary

Existing law, the Personal Income Tax Law, in partial conformity with federal income tax law, imposes a tax on the taxable income of estates or of any kind of property held in trust. That law provides the taxable income of an estate or trust is computed in the same manner as in the case of an individual, except as provided, and the tax is paid by the fiduciary of the trust or estate. Existing law provides that, where the grantor or another person is treated as the owner of any portion of the trust, known as a "grantor trust," then items of income, deductions, and credits against tax of the trust are included in computing the taxable income and credits of the grantor or other owner. Existing law, for taxable years beginning on or after January 1, 2023, includes the income of an incomplete gift nongrantor trust, as defined, in the gross income of the grantor to the extent the income of the trust would be taken into account in computing the grantor's taxable income if the trust were treated as a grantor trust, except as provided. This bill would amend the definition of incomplete gift nongrantor trust to specifically exclude a trust, or portion of a trust, that qualifies as a charitable remainder trust, as specified. The bill would include findings and declarations that this change does not constitute a change in, but is declaratory of, existing law.

Text versions

Roll-call votes

State vote data last updated Oct 16, 2026, 12:24 AM.

DateVoteResultYour legislators
Sep 11, 2025
Senate		Unfinished Business SB376 Valladares ConcurrencepassSet your home in California to see
Sep 10, 2025
House		SB 376 Valladares Senate Third Reading By Quirk-SilvapassSet your home in California to see
Jul 7, 2025
House		Do pass as amended and be re-referred to the Committee on [Appropriations]passSet your home in California to see
Jun 2, 2025
Senate		3rd ReadingpassSet your home in California to see
May 14, 2025
Senate		Do pass, but first be re-referred to the Committee on [Appropriations]passSet your home in California to see

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