AB 2283: Income taxes: exclusion: turf removal water conservation program.

The Personal Income Tax Law and the Corporation Tax Law, for taxable years beginning on or after January 1, 2014, and before January 1, 2019, provide an exclusion from gross income for any amount received as a rebate, voucher, or other financial incentive issued by a local water agency or supplier for participation in a turf removal water conservation program.

This bill would extend the operation of those provisions to January 1, 2024.

This bill would take effect immediately as a tax levy.