AB 2444: Personal Income Tax Law: qualified tuition program.
- Session Year: 2025-2026
- House: Assembly
- Latest Version Date: 2026-04-13
Current Status:
In Progress
(2026-05-14: In committee: Held under submission.)
Introduced
In Committee
Awaiting First Chamber Vote
Passed First Chamber
In Committee
Awaiting Second Chamber Vote
Passed Second Chamber
Enacted
What does this bill do?
This bill lets eligible California taxpayers claim a state income tax deduction for cash contributions to Scholarshare 529 college savings accounts — up to $10,000 for joint filers, heads of household, or surviving spouses and $5,000 for other filers — and raises the income limits for who qualifies. It also makes California follow the federal rule that excludes certain direct transfers from a 529 account to a Roth IRA from state taxable income for a limited period, and requires Scholarshare and the Franchise Tax Board to share participant and deduction data so the program’s effects can be measured.
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The Personal Income 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 law, known as the Golden State Scholarshare Trust Act, establishes the Golden State Scholarshare College Savings Trust (Scholarshare trust), under the administration of the Scholarshare Investment Board, to provide financial aid for postsecondary education costs of participating students. Existing state and federal law generally includes in gross income distributions from a qualified tuition program, as defined to include the Scholarshare trust, except as provided.
Existing federal law, the Consolidated Appropriations Act, 2023, excludes from gross income, for federal income tax purposes, distributions from a qualified tuition program that are made after December 31, 2023, and are paid in a direct trustee-to-trustee transfer to a Roth IRA, as described.
The Personal Income Tax Law generally conforms to federal income tax law relating to qualified state tuition programs, except as specified. Among those exceptions, existing state law does not conform to the above-described exclusion for distributions from a qualified tuition program.
This bill would instead conform to that federal exclusion for taxable years beginning on or after January 1, 2026, and before January 1, 2030. 2031.
The Personal Income Tax Law, in modified conformity with federal income tax laws, allows various deductions from gross income in calculating adjusted gross income.
This bill would, for taxable years beginning on or after January 1, 2026, 2027, and before January 1, 2032, would allow a deduction in determining adjusted gross income for contributions to a Scholarshare account by a qualified taxpayer, as specified.
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.
The Personal Income 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 law, known as the Golden State Scholarshare Trust Act, establishes the Golden State Scholarshare College Savings Trust (Scholarshare trust), under the administration of the Scholarshare Investment Board, to provide financial aid for postsecondary education costs of participating students. Existing state and federal law generally includes in gross income distributions from a qualified tuition program, as defined to include the Scholarshare trust, except as provided.
Existing federal law, the Consolidated Appropriations Act, 2023, excludes from gross income, for federal income tax purposes, distributions from a qualified tuition program that are made after December 31, 2023, and are paid in a direct trustee-to-trustee transfer to a Roth IRA, as described.
The Personal Income Tax Law generally conforms to federal income tax law relating to qualified state tuition programs, except as specified. Among those exceptions, existing state law does not conform to the above-described exclusion for distributions from a qualified tuition program.
This bill would instead conform to that federal exclusion for taxable years beginning on or after January 1, 2026, and before January 1, 2030.
The Personal Income Tax Law, in modified conformity with federal income tax laws, allows various deductions from gross income in calculating adjusted gross income.
This bill would, for taxable years beginning on or after January 1, 2026, would allow a deduction in determining adjusted gross income for contributions to a Scholarshare account by a qualified taxpayer, as specified.
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.
(a)Section 62 of the Internal Revenue Code, relating to adjusted gross income defined, shall apply, except as otherwise provided.
(b)Section 62(a)(2)(D) of the Internal Revenue Code, relating to certain expenses of elementary and secondary school teachers, shall not apply.
(c)Section 62(a)(21) of the Internal Revenue Code, relating to attorneys attorneys fees relating to awards to whistleblowers, shall not apply.
(d)For each taxable year beginning on or after January 1, 2026, 2027, and before January 1, 2032, Section 62(a) of the Internal Revenue Code, relating to the general rule, is modified to provide that the deduction under Section 17206.2 shall be allowed in determining adjusted gross income.
SEC. 2.Section 17140 of the Revenue and Taxation Code is amended to read:17140.(a)For purposes of this section, the following terms have the following meanings as provided in the Golden State Scholarshare Trust Act (Article 19 (commencing with Section 69980) of Chapter 2 of Part 42 of Division 5 of Title 3 of the Education Code):
(1)Beneficiary has the meaning as set forth in Section 69980 of the Education Code.
(2)Benefit has the meaning as set forth in Section 69980 of the Education Code.
(3)Participant has the meaning as set forth in Section 69980 of the Education Code.
(4)Participation agreement has the meaning as set forth in Section 69980 of the Education Code.
(5)Scholarshare trust has the meaning as set forth in Section 69980 of the Education Code.
(b)For taxable years beginning on or after January 1, 1998, and before January 1, 2002, except as otherwise provided in subdivision (c), gross income of a beneficiary or a participant does not include any of the following:
(1)Any distribution or earnings under a Scholarshare trust participation agreement, as provided in Article 19 (commencing with Section 69980) of Chapter 2 of Part 42 of Division 5 of Title 3 of the Education Code.
(2)Any contribution to the Scholarshare trust on behalf of a beneficiary shall not be includable as gross income of that beneficiary.
(c)For taxable years beginning on or after January 1, 1998, and before January 1, 2002:
(1)Any distribution under a Scholarshare trust participation agreement shall be includable in the gross income of the distributee in the manner as provided under Section 72 of the Internal Revenue Code, as modified by Section 17085, to the extent not excluded from gross income under this part. For purposes of applying Section 72 of the Internal Revenue Code, the following apply:
(A)All Scholarshare trust accounts of which an individual is a beneficiary shall be treated as one account, except as otherwise provided.
(B)All distributions during a taxable year shall be treated as one distribution.
(C)The value of the participation agreement, income on the participation agreement, and investment in the participation agreement shall be computed as of the close of the calendar year in which the taxable year begins.
(2)A contribution by a for-profit or nonprofit entity, or by a state or local government agency, for the benefit of an owner or employee of that entity or a beneficiary whom the owner or employee has the power to designate, including the owner or employees minor children, shall be included in the gross income of that owner or employee in the year the contribution is made.
(3)For purposes of this subdivision, distribution includes any benefit furnished to a beneficiary under a participation agreement, as provided in Article 19 (commencing with Section 69980) of Chapter 2 of Part 42 of Division 5 of Title 3 of the Education Code.
(4)(A)Paragraph (1) shall not apply to that portion of any distribution that, within 60 days of distribution, is transferred to the credit of another beneficiary under the Scholarshare trust who is a member of the family, as that term is used in Section 529(e)(2) of the Internal Revenue Code, as amended by Section 211 of the Taxpayer Relief Act of 1997 (Public Law 105-34), of the former beneficiary of that Scholarshare trust.
(B)Any change in the beneficiary of an interest in the Scholarshare trust shall not be treated as a distribution for purposes of paragraph (1) if the new beneficiary is a member of the family, as that term is used in Section 529(e)(2) of the Internal Revenue Code, as amended by Section 211 of the Taxpayer Relief Act of 1997 (Public Law 105-34), of the former beneficiary of that Scholarshare trust.
(d)For taxable years beginning on or after January 1, 2002, Sections 529(c) and 529(e) of the Internal Revenue Code, relating to tax treatment of designated beneficiaries and contributors and to other definitions and special rules, respectively, shall apply, except as otherwise provided in Part 11 (commencing with Section 23001) and this part.
(e)(1)The amendments made by Section 302(a)(1) of Division Q of the Consolidated Appropriations Act, 2016 (Public Law 114-113) to Section 529(e) of the Internal Revenue Code, relating to other definitions and special rules, shall apply except as otherwise provided.
(2)The amendments made by Section 302(b)(1) of Division Q of the Consolidated Appropriations Act, 2016 (Public Law 114-113) to Section 529(c)(3) of the Internal Revenue Code, relating to distributions, shall apply, except as otherwise provided.
(3)The amendments made by Section 302(c)(1) of Division Q of the Consolidated Appropriations Act, 2016 (Public Law 114-113) to Section 529(c)(3)(D) of the Internal Revenue Code, relating to special rule for contributions of refunded amounts, shall apply, except as otherwise provided.
(f)(1)The amendments made by Section 11025(a) of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97) to Section 529(c)(3)(C) of the Internal Revenue Code, relating to change in beneficiaries or programs, shall apply, except as otherwise provided.
(2)(A)The amendments made by Section 11032(a)(1) of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97) to Section 529(c) of the Internal Revenue Code, relating to tax treatment of designated beneficiaries and contributors, shall not apply, except as otherwise provided.
(B)The amendments made by Section 11032(a)(2) of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97) to Section 529(e)(3)(A) of the Internal Revenue Code, relating to qualified higher education expenses, shall not apply, except as otherwise provided.
(C)In the case of any distribution made under Section 529(e)(3)(A) of the Internal Revenue Code, as amended by Section 11032(a)(2) of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97), that would be treated for federal income tax purposes as a qualified higher education expense under Section 529(c)(7) of the Internal Revenue Code, as added by Section 11032(a)(1) of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97), the amount of that distribution shall, notwithstanding anything in Section 529 of the Internal Revenue Code to the contrary, be includable in the gross income of the distributee in the manner as provided under Section 72 of the Internal Revenue Code.
(D)Any distribution includable in the gross income of a distributee under subparagraph (C) shall not affect the exempt status of the qualified tuition program under Section 529 of the Internal Revenue Code for purposes of this part.
(g)(1)For taxable years beginning on or after January 1, 2021, the amendments made by Section 302(a) of Division O of the Further Consolidated Appropriations Act, 2020 (Public Law 116-94) to Section 529(c)(8) of the Internal Revenue Code, relating to distributions for certain expenses associated with registered apprenticeship programs, shall apply.
(2)For taxable years beginning on or after January 1, 2021, the amendments made by Section 302(b)(1) of Division O of the Further Consolidated Appropriations Act, 2020 (Public Law 116-94) to Section 529(c)(9) of the Internal Revenue Code, relating to distributions for qualified education loan repayments, shall apply.
(h)(1)For taxable years beginning before January 1, 2026, and for taxable years beginning on or after January 1, 2030, 2031, Section 529(c)(3)(E) of the Internal Revenue Code, relating to special rollovers to Roth IRAs from long-term qualified tuition programs, shall not apply.
(2)In the case of any distribution made under Section 529(c)(3)(E) of the Internal Revenue Code, relating to the special rollover to Roth IRAs from long-term qualified tuition programs, treated for federal income tax purposes as a qualified rollover contribution under Section 408A(e)(1)(C) of the Internal Revenue Code, the amount of that distribution shall, notwithstanding Section 529 or Section 408A of the Internal Revenue Code to the contrary, be includable in the gross income of the distributee in the manner as provided under Section 72 of the Internal Revenue Code for taxable years beginning before January 1, 2026, and for taxable years beginning on or after January 1, 2030. 2031.
(3)Any distribution includable in the gross income of a distributee under paragraph (2) shall not affect the exempt status of the qualified tuition program under Section 529 of the Internal Revenue Code for purposes of this part.
SEC. 3.Section 17140.3 of the Revenue and Taxation Code is amended to read:17140.3.Section 529 of the Internal Revenue Code, relating to qualified state tuition programs, shall apply, except as otherwise provided.
(a)Section 529(a) of the Internal Revenue Code is modified as follows:
(1)By substituting the phrase under this part and Part 11 (commencing with Section 23001) in lieu of the phrase under this subtitle.
(2)By substituting Article 2 (commencing with Section 23731) in lieu of Section 511.
(b)A copy of the report required to be filed with the Secretary of the Treasury under Section 529(d) of the Internal Revenue Code shall be filed with the Franchise Tax Board at the same time and in the same manner as specified in that section.
(c)(1)The amendments made by Section 302(a)(1) of Division Q of the Consolidated Appropriations Act, 2016 (Public Law 114-113) to Section 529(e) of the Internal Revenue Code, relating to other definitions and special rules, shall apply except as otherwise provided.
(2)The amendments made by Section 302(b)(1) of Division Q of the Consolidated Appropriations Act, 2016 (Public Law 114-113) to Section 529(c)(3) of the Internal Revenue Code, relating to distributions, shall apply, except as otherwise provided.
(3)The amendments made by Section 302(c)(1) of Division Q of the Consolidated Appropriations Act, 2016 (Public Law 114-113) to Section 529(c)(3)(D) of the Internal Revenue Code, relating to special rule for contributions of refunded amounts, shall apply, except as otherwise provided.
(d)(1)The amendments made by Section 11025(a) of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97) to Section 529(c)(3)(C) of the Internal Revenue Code, relating to change in beneficiaries or programs, shall apply, except as otherwise provided.
(2)(A)The amendments made by Section 11032(a)(1) of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97) to Section 529(c) of the Internal Revenue Code, relating to tax treatment of designated beneficiaries and contributors, shall not apply, except as otherwise provided.
(B)The amendments made by Section 11032(a)(2) of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97) to Section 529(e)(3)(A) of the Internal Revenue Code, relating to qualified higher education expenses, shall not apply, except as otherwise provided.
(C)In the case of any distribution made under Section 529(e)(3)(A) of the Internal Revenue Code, as amended by Section 11032(a)(2) of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97), that would be treated for federal income tax purposes as a qualified higher education expense under Section 529(c)(7) of the Internal Revenue Code, as added by Section 11032(a)(1) of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97), the amount of that distribution shall, notwithstanding anything in Section 529 of the Internal Revenue Code to the contrary, be includable in the gross income of the distributee in the manner as provided under Section 72 of the Internal Revenue Code.
(D)Any distribution includable in the gross income of a distributee under subparagraph (C) shall not affect the exempt status of the qualified tuition program under Section 529 of the Internal Revenue Code for purposes of this part.
(e)(1)For taxable years beginning on or after January 1, 2021, the amendments made by Section 302(a) of Division O of the Further Consolidated Appropriations Act, 2020 (Public Law 116-94) to Section 529(c)(8) of the Internal Revenue Code, relating to distributions for certain expenses associated with registered apprenticeship programs, shall apply.
(2)For taxable years beginning on or after January 1, 2021, the amendments made by Section 302(b)(1) of Division O of the Further Consolidated Appropriations Act, 2020 (Public Law 116-94) to Section 529(c)(9) of the Internal Revenue Code, relating to distributions for qualified education loan repayments, shall apply.
(f)(1)For taxable years beginning before January 1, 2026, and for taxable years beginning on or after January 1, 2030, 2031, Section 529(c)(3)(E) of the Internal Revenue Code, relating to special rollovers to Roth IRAs from long-term qualified tuition programs, shall not apply.
(2)In the case of any distribution made under Section 529(c)(3)(E) of the Internal Revenue Code, relating to the special rollover to Roth IRAs from long-term qualified tuition programs, treated for federal income tax purposes as a qualified rollover contribution under Section 408A(e)(1)(C) of the Internal Revenue Code, the amount of that distribution shall, notwithstanding Section 529 or Section 408A of the Internal Revenue Code to the contrary, be includable in the gross income of the distributee in the manner as provided under Section 72 of the Internal Revenue Code for taxable years beginning before January 1, 2026, and for taxable years beginning on or after January 1, 2030. 2031.
(3)Any distribution includable in the gross income of a distributee under paragraph (2) shall not affect the exempt status of the qualified tuition program under Section 529 of the Internal Revenue Code for purposes of this part.
SEC. 4.Section 17206.2 is added to the Revenue and Taxation Code, to read:17206.2.(a)For taxable years beginning on or after January 1, 2026, 2027, and before January 1, 2032, there shall be allowed as a deduction in determining adjusted gross income an amount equal to the monetary contribution made by a qualified taxpayer during the taxable year to one or more accounts established pursuant to the California qualified tuition program on behalf of a beneficiary, but in no event shall the deduction amount exceed the following:
(1)In the case of a qualified taxpayer who is a head of household, a surviving spouse, as defined in Section 17046, or a married couple filing a joint return, ten thousand dollars ($10,000).
(2)In the case of a qualified taxpayer other than as described in paragraph (1), five thousand dollars ($5,000).
(b)For purposes of this section, the following definitions apply:
(1) California qualified tuition program means a qualified tuition program, as defined in Section 529 of the Internal Revenue Code, relating to qualified tuition programs, that is established pursuant to the Golden State Scholarshare Trust Act (Article 19 (commencing with Section 69980) of Chapter 2 of Part 42 of Division 5 of Title 3 of the Education Code).
(2)Monetary contribution means cash contributions, as described in Section 529(b)(2) of the Internal Revenue Code, relating to cash contributions, but does not include either of the following:
(A)A cash contribution to the California qualified tuition program from a qualified tuition program established pursuant to Section 529 of the Internal Revenue Code, relating to qualified tuition programs, that is not the California qualified tuition program.
(B)A cash contribution transferred from the credit of one beneficiary under the California qualified tuition program to the credit of another beneficiary under the California qualified tuition program.
(3)Qualified higher education expenses has the same meaning as that term is defined in Section 529 of the Internal Revenue Code, relating to qualified tuition programs.
(4)Qualified taxpayer means an individual or a married couple if filing a joint return who, on behalf of a beneficiary, contributes money to a California qualified tuition program for which the taxpayer, or a spouse in the case of a married couple filing a joint return, is the account owner and whose adjusted gross income does not exceed the following:
(A)In the case of a taxpayer who is a head of household, a surviving spouse, as defined in Section 17046, or a married couple filing a joint return, one hundred fifty thousand dollars ($150,000). return, two hundred thousand dollars ($200,000).
(B)In the case of a taxpayer other than as described in subparagraph (A), seventy-five thousand dollars ($75,000). one hundred thousand dollars ($100,000).
(c)For each taxable year beginning on or after January 1, 2027, 2028, the Franchise Tax Board shall recompute the adjusted gross income limits set forth in paragraph (4) of subdivision (b) by multiplying the adjusted gross income limit for the preceding taxable year by the inflation adjustment factor computed pursuant to subparagraph (A) of paragraph (2) of subdivision (h) of Section 17041, rounded to the nearest dollar.
(d)(1)In the case of any distribution in excess of qualified higher education expenses, the aggregate amount of the deduction allowed under subdivision (a) that reduced the qualified taxpayers gross income in any taxable year shall be added to the gross income of the qualified taxpayer in the taxable year of the distribution to the extent that the distribution is attributable to the aggregate amount of contributions for which a deduction is allowed under this section in taxable years beginning on or after January 1, 2026. 2027.
(2)Paragraph (1) shall not apply to that portion of a distribution that, within 60 days of the distribution, is transferred to another California qualified tuition program.
(e)For purposes of Section 529(c)(3) of the Internal Revenue Code, relating to distributions, amounts allowed as a deduction under this section shall not be treated as investment in the contract in applying Section 72 of the Internal Revenue Code, relating to annuities; certain proceeds of endowment and life insurance contracts.
(f)A qualified taxpayer shall maintain records that are adequate to substantiate any deduction allowed under this section and shall provide those records to the Franchise Tax Board upon request.
(g)The Franchise Tax Board may adopt regulations necessary or appropriate to carry out this section. The Administrative Procedure Act (Chapter 3.5 (commencing with Section 11340) of Part 1 of Division 3 of Title 2 of the Government Code) shall not apply to any standards, criterion, procedure, determination, rule, notice, or guideline established or issued by the Franchise Tax Board pursuant to this section.
(h)(1)For purposes of complying with Section 41, the Legislature finds and declares as follows:
(A)The objective of the deduction allowed by this section is as follows:
(i)To provide a tax incentive to motivate California families to open and contribute to a Scholarshare account, Californias 529 college savings plan account, for the purposes of saving for future college expenses, thereby encouraging more Californians to pursue a postsecondary education and reducing the amount of student loan debt they may accumulate upon graduation.
(ii)To reduce the amount of student loan debt on a dollar-for-dollar basis, thereby increasing a persons ability to purchase a home, car, or other products that help stimulate economic activity.
(B)The performance indicators for the Legislature to use in determining whether the deduction achieves the stated goal are as follows:
(i)The number of deductions allowed pursuant to this section.
(ii)The total dollar amount of deductions allowed pursuant to this section.
(iii)The number of new Scholarshare accounts opened during a calendar year in which the deduction allowed by this section is in effect.
(2)The Scholarshare Investment Board shall do all of the following:
(A)Collect Pursuant to Section 19548.3.5, collect data on the amount of deductions allowed and the aggregated income information for taxpayers allowed those deductions for the taxable year form from the Franchise Tax Board upon finalization of the data but no later than April 1 of the second calendar year following the taxable year. Upon request of the Scholarshare Investment Board, the Franchise Tax Board shall provide the information required by this clause. The disclosure provisions of this clause shall be treated as an exception to Section 19542.
(B)Collect data on the total amount of contributions made to Scholarshare accounts no later than March 1 of each calendar year that the deduction may be claimed on a tax return.
(C)Survey new and existing Scholarshare account owners to collect information about their motivation to do all of the following:
(i)Open a Scholarshare account.
(ii)Contribute to a Scholarshare account.
(iii)Increase the frequency and amount of contributions to a Scholarshare account.
(iv)Refer a Scholarshare account to friends and family.
(D)On or before July 1, 2027, 2028, and annually thereafter, the Scholarshare Investment Board shall deliver a report to the Legislature that shall include, but not be limited to, prior year and cumulative baseline data and information described in clause (i) to (iii), inclusive. The report shall be submitted in compliance with Section 9795 of the Government Code.
SEC. 5.Section 19548.3.5 is added to the Revenue and Taxation Code, to read:19548.3.5.(a)Notwithstanding any other law, the Scholarshare Investment Board shall disclose the name and individual taxpayer identification number (ITIN) or social security number of a participant in a qualified tuition program established pursuant to Article 19 (commencing with Section 69980) of Chapter 2 of Part 42 of Division 5 of Title 3 of the Education Code to the Franchise Tax Board for the purpose of the data collection requirement in subparagraph (A) of paragraph (2) of subdivision (h) of Section 17206.2.
(b)(1)The Franchise Tax Board, upon receipt of this information, shall provide all of the following information to the Scholarshare Investment Board:
(A)The total amount of deductions allowed.
(B)The average dollar amount of the deduction.
(C)The average income of taxpayers allowed the deduction.
(2)The Franchise Tax Board shall provide the information to the Scholarshare Investment Board for the most recent taxable year that the Franchise Tax Board has information available, and shall include the first and last name, date of birth, and the ITIN or social security number of the taxpayer.
(c)The Franchise Tax Board shall return or destroy all information received from the Scholarshare Investment Board after completing the exchange of information.
SEC. 5.SEC. 6.For purposes of complying with Section 41 with respect to the amendments made to Sections 17140 and 17140.3 of the Revenue and Taxation Code, the Legislature finds and declares the following:
(a)The specific goal that the exclusion will achieve is to encourage additional savings for educational expenses and to conform to federal law to bring tax relief and ease return preparation for taxpayers who transfer funds pursuant to these amendments.
(b)There is no available data to collect or report with respect to the exclusion.. exclusion.
SEC. 6.SEC. 7.This act provides for a tax levy within the meaning of Article IV of the California Constitution and shall go into immediate effect.
(a)Section 62 of the Internal Revenue Code, relating to adjusted gross income defined, shall apply, except as otherwise provided.
(b)Section 62(a)(2)(D) of the Internal Revenue Code, relating to certain expenses of elementary and secondary school teachers, shall not apply.
(c)Section 62(a)(21) of the Internal Revenue Code, relating to attorneys fees relating to awards to whistleblowers, shall not apply.
(d)For each taxable year beginning on or after January 1, 2026, Section 62(a) of the Internal Revenue Code, relating to the general rule, is modified to provide that the deduction under Section 17206.2 shall be allowed in determining adjusted gross income.
SEC. 2.Section 17140 of the Revenue and Taxation Code is amended to read:17140.(a)For purposes of this section, the following terms have the following meanings as provided in the Golden State Scholarshare Trust Act (Article 19 (commencing with Section 69980) of Chapter 2 of Part 42 of Division 5 of Title 3 of the Education Code):
(1)Beneficiary has the meaning set forth in subdivision (c) of Section 69980 of the Education Code.
(2)Benefit has the meaning set forth in subdivision (d) of Section 69980 of the Education Code.
(3)Participant has the meaning set forth in subdivision (h) of Section 69980 of the Education Code.
(4)Participation agreement has the meaning set forth in subdivision (i) of Section 69980 of the Education Code.
(5)Scholarshare trust has the meaning set forth in subdivision (f) of Section 69980 of the Education Code.
(b)For taxable years beginning on or after January 1, 1998, and before January 1, 2002, except as otherwise provided in subdivision (c), gross income of a beneficiary or a participant does not include any of the following:
(1)Any distribution or earnings under a Scholarshare trust participation agreement, as provided in Article 19 (commencing with Section 69980) of Chapter 2 of Part 42 of Division 5 of Title 3 of the Education Code.
(2)Any contribution to the Scholarshare trust on behalf of a beneficiary shall not be includable as gross income of that beneficiary.
(c)For taxable years beginning on or after January 1, 1998, and before January 1, 2002:
(1)Any distribution under a Scholarshare trust participation agreement shall be includable in the gross income of the distributee in the manner as provided under Section 72 of the Internal Revenue Code, as modified by Section 17085, to the extent not excluded from gross income under this part. For purposes of applying Section 72 of the Internal Revenue Code, the following apply:
(A)All Scholarshare trust accounts of which an individual is a beneficiary shall be treated as one account, except as otherwise provided.
(B)All distributions during a taxable year shall be treated as one distribution.
(C)The value of the participation agreement, income on the participation agreement, and investment in the participation agreement shall be computed as of the close of the calendar year in which the taxable year begins.
(2)A contribution by a for-profit or nonprofit entity, or by a state or local government agency, for the benefit of an owner or employee of that entity or a beneficiary whom the owner or employee has the power to designate, including the owner or employees minor children, shall be included in the gross income of that owner or employee in the year the contribution is made.
(3)For purposes of this subdivision, distribution includes any benefit furnished to a beneficiary under a participation agreement, as provided in Article 19 (commencing with Section 69980) of Chapter 2 of Part 42 of Division 5 of Title 3 of the Education Code.
(4)(A)Paragraph (1) shall not apply to that portion of any distribution that, within 60 days of distribution, is transferred to the credit of another beneficiary under the Scholarshare trust who is a member of the family, as that term is used in Section 529(e)(2) of the Internal Revenue Code, as amended by Section 211 of the Taxpayer Relief Act of 1997 (Public Law 105-34), of the former beneficiary of that Scholarshare trust.
(B)Any change in the beneficiary of an interest in the Scholarshare trust shall not be treated as a distribution for purposes of paragraph (1) if the new beneficiary is a member of the family, as that term is used in Section 529(e)(2) of the Internal Revenue Code, as amended by Section 211 of the Taxpayer Relief Act of 1997 (Public Law 105-34), of the former beneficiary of that Scholarshare trust.
(d)For taxable years beginning on or after January 1, 2002, Sections 529(c) and 529(e) of the Internal Revenue Code, relating to tax treatment of designated beneficiaries and contributors and to other definitions and special rules, respectively, shall apply, except as otherwise provided in Part 11 (commencing with Section 23001) and this part.
(e)(1)The amendments made by Section 302(a)(1) of Division Q of the Consolidated Appropriations Act, 2016 (Public Law 114-113) to Section 529(e) of the Internal Revenue Code, relating to other definitions and special rules, shall apply except as otherwise provided.
(2)The amendments made by Section 302(b)(1) of Division Q of the Consolidated Appropriations Act, 2016 (Public Law 114-113) to Section 529(c)(3) of the Internal Revenue Code, relating to distributions, shall apply, except as otherwise provided.
(3)The amendments made by Section 302(c)(1) of Division Q of the Consolidated Appropriations Act, 2016 (Public Law 114-113) to Section 529(c)(3)(D) of the Internal Revenue Code, relating to special rule for contributions of refunded amounts, shall apply, except as otherwise provided.
(f)(1)The amendments made by Section 11025(a) of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97) to Section 529(c)(3)(C) of the Internal Revenue Code, relating to change in beneficiaries or programs, shall apply, except as otherwise provided.
(2)(A)The amendments made by Section 11032(a)(1) of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97) to Section 529(c) of the Internal Revenue Code, relating to tax treatment of designated beneficiaries and contributors, shall not apply, except as otherwise provided.
(B)The amendments made by Section 11032(a)(2) of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97) to Section 529(e)(3)(A) of the Internal Revenue Code, relating to qualified higher education expenses, shall not apply, except as otherwise provided.
(C)In the case of any distribution made under Section 529(e)(3)(A) of the Internal Revenue Code, as amended by Section 11032(a)(2) of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97), that would be treated for federal income tax purposes as a qualified higher education expense under Section 529(c)(7) of the Internal Revenue Code, as added by Section 11032(a)(1) of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97), the amount of that distribution shall, notwithstanding anything in Section 529 of the Internal Revenue Code to the contrary, be includable in the gross income of the distributee in the manner as provided under Section 72 of the Internal Revenue Code.
(D)Any distribution includable in the gross income of a distributee under subparagraph (C) shall not affect the exempt status of the qualified tuition program under Section 529 of the Internal Revenue Code for purposes of this part.
(g)(1)For taxable years beginning on or after January 1, 2021, the amendments made by Section 302(a) of Division O of the Further Consolidated Appropriations Act, 2020 (Public Law 116-94) to Section 529(c)(8) of the Internal Revenue Code, relating to distributions for certain expenses associated with registered apprenticeship programs, shall apply.
(2)For taxable years beginning on or after January 1, 2021, the amendments made by Section 302(b)(1) of Division O of the Further Consolidated Appropriations Act, 2020 (Public Law 116-94) to Section 529(c)(9) of the Internal Revenue Code, relating to distributions for qualified education loan repayments, shall apply.
(h)(1)Section For taxable years beginning before January 1, 2026, and for taxable years beginning on or after January 1, 2030, Section 529(c)(3)(E) of the Internal Revenue Code, relating to special rollovers to Roth IRAs from long-term qualified tuition programs, shall not apply.
(2)In the case of any distribution made under Section 529(c)(3)(E) of the Internal Revenue Code, relating to the special rollover to Roth IRAs from long-term qualified tuition programs, treated for federal income tax purposes as a qualified rollover contribution under Section 408A(e)(1)(C) of the Internal Revenue Code, the amount of that distribution shall, notwithstanding Section 529 or Section 408A of the Internal Revenue Code to the contrary, be includable in the gross income of the distributee in the manner as provided under Section 72 of the Internal Revenue Code. Code for taxable years beginning before January 1, 2026, and for taxable years beginning on or after January 1, 2030.
(3)Any distribution includable in the gross income of a distributee under paragraph (2) shall not affect the exempt status of the qualified tuition program under Section 529 of the Internal Revenue Code for purposes of this part.
SEC. 3.Section 17140.3 of the Revenue and Taxation Code is amended to read:17140.3.Section 529 of the Internal Revenue Code, relating to qualified state tuition programs, shall apply, except as otherwise provided.
(a)Section 529(a) of the Internal Revenue Code is modified as follows:
(1)By substituting the phrase under this part and Part 11 (commencing with Section 23001) in lieu of the phrase under this subtitle.
(2)By substituting Article 2 (commencing with Section 23731) in lieu of Section 511.
(b)A copy of the report required to be filed with the Secretary of the Treasury under Section 529(d) of the Internal Revenue Code shall be filed with the Franchise Tax Board at the same time and in the same manner as specified in that section.
(c)(1)The amendments made by Section 302(a)(1) of Division Q of the Consolidated Appropriations Act, 2016 (Public Law 114-113) to Section 529(e) of the Internal Revenue Code, relating to other definitions and special rules, shall apply except as otherwise provided.
(2)The amendments made by Section 302(b)(1) of Division Q of the Consolidated Appropriations Act, 2016 (Public Law 114-113) to Section 529(c)(3) of the Internal Revenue Code, relating to distributions, shall apply, except as otherwise provided.
(3)The amendments made by Section 302(c)(1) of Division Q of the Consolidated Appropriations Act, 2016 (Public Law 114-113) to Section 529(c)(3)(D) of the Internal Revenue Code, relating to special rule for contributions of refunded amounts, shall apply, except as otherwise provided.
(d)(1)The amendments made by Section 11025(a) of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97) to Section 529(c)(3)(C) of the Internal Revenue Code, relating to change in beneficiaries or programs, shall apply, except as otherwise provided.
(2)(A)The amendments made by Section 11032(a)(1) of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97) to Section 529(c) of the Internal Revenue Code, relating to tax treatment of designated beneficiaries and contributors, shall not apply, except as otherwise provided.
(B)The amendments made by Section 11032(a)(2) of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97) to Section 529(e)(3)(A) of the Internal Revenue Code, relating to qualified higher education expenses, shall not apply, except as otherwise provided.
(C)In the case of any distribution made under Section 529(e)(3)(A) of the Internal Revenue Code, as amended by Section 11032(a)(2) of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97), that would be treated for federal income tax purposes as a qualified higher education expense under Section 529(c)(7) of the Internal Revenue Code, as added by Section 11032(a)(1) of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97), the amount of that distribution shall, notwithstanding anything in Section 529 of the Internal Revenue Code to the contrary, be includable in the gross income of the distributee in the manner as provided under Section 72 of the Internal Revenue Code.
(D)Any distribution includable in the gross income of a distributee under subparagraph (C) shall not affect the exempt status of the qualified tuition program under Section 529 of the Internal Revenue Code for purposes of this part.
(e)(1)For taxable years beginning on or after January 1, 2021, the amendments made by Section 302(a) of Division O of the Further Consolidated Appropriations Act, 2020 (Public Law 116-94) to Section 529(c)(8) of the Internal Revenue Code, relating to distributions for certain expenses associated with registered apprenticeship programs, shall apply.
(2)For taxable years beginning on or after January 1, 2021, the amendments made by Section 302(b)(1) of Division O of the Further Consolidated Appropriations Act, 2020 (Public Law 116-94) to Section 529(c)(9) of the Internal Revenue Code, relating to distributions for qualified education loan repayments, shall apply.
(f)(1)Section For taxable years beginning before January 1, 2026, and for taxable years beginning on or after January 1, 2030, Section 529(c)(3)(E) of the Internal Revenue Code, relating to special rollovers to Roth IRAs from long-term qualified tuition programs, shall not apply.
(2)In the case of any distribution made under Section 529(c)(3)(E) of the Internal Revenue Code, relating to the special rollover to Roth IRAs from long-term qualified tuition programs, treated for federal income tax purposes as a qualified rollover contribution under Section 408A(e)(1)(C) of the Internal Revenue Code, the amount of that distribution shall, notwithstanding Section 529 or Section 408A of the Internal Revenue Code to the contrary, be includable in the gross income of the distributee in the manner as provided under Section 72 of the Internal Revenue Code. Code for taxable years beginning before January 1, 2026, and for taxable years beginning on or after January 1, 2030.
(3)Any distribution includable in the gross income of a distributee under paragraph (2) shall not affect the exempt status of the qualified tuition program under Section 529 of the Internal Revenue Code for purposes of this part.
SEC. 4.Section 17206.2 is added to the Revenue and Taxation Code, to read:17206.2.(a)For taxable years beginning on or after January 1, 2026, there shall be allowed as a deduction in determining adjusted gross income an amount equal to the monetary contribution made by a qualified taxpayer during the taxable year to one or more accounts established pursuant to the California qualified tuition program on behalf of a beneficiary, but in no event shall the deduction amount exceed the following:
(1)In the case of a qualified taxpayer who is a head of household, a surviving spouse, as defined in Section 17046, or a married couple filing a joint return, ten thousand dollars ($10,000).
(2)In the case of a qualified taxpayer other than as described in paragraph (1), five thousand dollars ($5,000).
(b)For purposes of this section, the following definitions apply:
(1) California qualified tuition program means a qualified tuition program, as defined in Section 529 of the Internal Revenue Code, relating to qualified tuition programs, that is established pursuant to the Golden State Scholarshare Trust Act (Article 19 (commencing with Section 69980) of Chapter 2 of Part 42 of Division 5 of Title 3 of the Education Code).
(2)Monetary contribution means cash contributions, as described in Section 529(b)(2) of the Internal Revenue Code, relating to cash contributions, but does not include either of the following:
(A)A cash contribution to the California qualified tuition program from a qualified tuition program established pursuant to Section 529 of the Internal Revenue Code, relating to qualified tuition programs, that is not the California qualified tuition program.
(B)A cash contribution transferred from the credit of one beneficiary under the California qualified tuition program to the credit of another beneficiary under the California qualified tuition program.
(3)Qualified higher education expenses has the same meaning as that term is defined in Section 529 of the Internal Revenue Code, relating to qualified tuition programs.
(4)Qualified taxpayer means an individual or a married couple if filing a joint return who, on behalf of a beneficiary, contributes money to a California qualified tuition program for which the taxpayer, or a spouse in the case of a married couple filing a joint return, is the account owner and whose adjusted gross income does not exceed the following:
(A)In the case of a taxpayer who is a head of household, a surviving spouse, as defined in Section 17046, or a married couple filing a joint return, one hundred fifty thousand dollars ($150,000).
(B)In the case of a taxpayer other than as described in subparagraph (A), seventy-five thousand dollars ($75,000).
(c)For each taxable year beginning on or after January 1, 2027, the Franchise Tax Board shall recompute the adjusted gross income limits set forth in paragraph (4) of subdivision (b) by multiplying the adjusted gross income limit for the preceding taxable year by the inflation adjustment factor computed pursuant to subparagraph (A) of paragraph (2) of subdivision (h) of Section 17041, rounded to the nearest dollar.
(d)(1)In the case of any distribution in excess of qualified higher education expenses, the aggregate amount of the deduction allowed under subdivision (a) that reduced the qualified taxpayers gross income in any taxable year shall be added to the gross income of the qualified taxpayer in the taxable year of the distribution to the extent that the distribution is attributable to the aggregate amount of contributions for which a deduction is allowed under this section in taxable years beginning on or after January 1, 2026.
(2)Paragraph (1) shall not apply to that portion of a distribution that, within 60 days of the distribution, is transferred to another California qualified tuition program.
(e)For purposes of Section 529(c)(3) of the Internal Revenue Code, relating to distributions, amounts allowed as a deduction under this section shall not be treated as investment in the contract in applying Section 72 of the Internal Revenue Code, relating to annuities; certain proceeds of endowment and life insurance contracts.
(f)A qualified taxpayer shall maintain records that are adequate to substantiate any deduction allowed under this section and shall provide those records to the Franchise Tax Board upon request.
(g)The Franchise Tax Board may adopt regulations necessary or appropriate to carry out this section. The Administrative Procedure Act (Chapter 3.5 (commencing with Section 11340) of Part 1 of Division 3 of Title 2 of the Government Code) shall not apply to any standards, criterion, procedure, determination, rule, notice, or guideline established or issued by the Franchise Tax Board pursuant to this section.
(h)(1)For purposes of complying with Section 41, the Legislature finds and declares as follows:
(A)The objective of the deduction allowed by this section is as follows:
(i)To provide a tax incentive to motivate California families to open and contribute to a Scholarshare account, Californias 529 college savings plan account, for the purposes of saving for future college expenses, thereby encouraging more Californians to pursue a postsecondary education and reducing the amount of student loan debt they may accumulate upon graduation.
(ii)To reduce the amount of student loan debt on a dollar-for-dollar basis, thereby increasing a persons ability to purchase a home, car, or other products that help stimulate economic activity.
(B)The performance indicators for the Legislature to use in determining whether the deduction achieves the stated goal are as follows:
(i)The number of deductions allowed pursuant to this section.
(ii)The total dollar amount of deductions allowed pursuant to this section.
(iii)The number of new Scholarshare accounts opened during a calendar year in which the deduction allowed by this section is in effect.
(2)The Scholarshare Investment Board shall do all of the following:
(A)Collect data on the amount of deductions allowed and the aggregated income information for taxpayers allowed those deductions for the taxable year form the Franchise Tax Board upon finalization of the data but no later than April 1 of the second calendar year following the taxable year. Upon request of the Scholarshare Investment Board, the Franchise Tax Board shall provide the information required by this clause. The disclosure provisions of this clause shall be treated as an exception to Section 19542.
(B)Collect data on the total amount of contributions made to Scholarshare accounts no later than March 1 of each calendar year that the deduction may be claimed on a tax return.
(C)Survey new and existing Scholarshare account owners to collect information about their motivation to do all of the following:
(i)Open a Scholarshare account.
(ii)Contribute to a Scholarshare account.
(iii)Increase the frequency and amount of contributions to a Scholarshare account.
(iv)Refer a Scholarshare account to friends and family.
(D)On or before July 1, 2027, and annually thereafter, the Scholarshare Investment Board shall deliver a report to the Legislature that shall include, but not be limited to, prior year and cumulative baseline data and information described in clause (i) to (iii), inclusive. The report shall be submitted in compliance with Section 9795 of the Government Code.
SEC. 5.For purposes of complying with Section 41 with respect to the amendments made to Sections 17140 and 17140.3 of the Revenue and Taxation Code, the Legislature finds and declares the following:
(a)The specific goal that the exclusion will achieve is to encourage additional savings for educational expenses and to conform to federal law to bring tax relief and ease return preparation for taxpayers who transfer funds pursuant to these amendments.
(b)There is no available data to collect or report with respect to the exclusion..
SEC. 6.This act provides for a tax levy within the meaning of Article IV of the California Constitution and shall go into immediate effect.
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Date
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Status
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|---|---|
| May 14, 2026 | In committee: Held under submission. |
| May 14, 2026 | Joint Rule 62(a), file notice suspended. |
| May 14, 2026 | Joint Rule 62(a), file notice suspended. (Page 5030.) |
| May 13, 2026 | In committee: Set, first hearing. Referred to APPR. suspense file. |
| Apr 28, 2026 | From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (April 27). Re-referred to Com. on APPR. |
| Apr 14, 2026 | Re-referred to Com. on REV. & TAX. |
| Apr 13, 2026 | From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended. |
| Apr 6, 2026 | In committee: Set, first hearing. Referred to REV. & TAX. suspense file. |
| Mar 9, 2026 | Referred to Com. on REV. & TAX. |
| Feb 21, 2026 | From printer. May be heard in committee March 23. |
| Feb 20, 2026 | Read first time. To print. |
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Date
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Description
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Location
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Votes
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| Apr 27, 2026 | Do pass and be re-referred to the Committee on [Appropriations] | Assembly Standing Committee on Revenue and Taxation |
Passed |
This list shows positions taken on this bill by organizations on the date displayed, which is linked to the original source.
Positions by individuals are not included.
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Organization
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Position
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Date
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|---|---|---|
| California Association Of School Counselors | ** Support | |
| California Child Savings Account Coalition | ** Support | |
| California State Treasurer | ** Support | |
| California Tax Reform Association | ** Against | |
| California Taxpayers Association | ** Support | |
| California Teachers Association | ** Against | |
| Early Wealth Partnership | ** Support | |
| Fiona Ma | ** Support | |
| John Burton Advocates for Youth | ** Support | |
| Securities Industry And Financial Markets Association | ** Against | |
| TIAA Tuition Financing, Inc. | ** Support | |
| UCLA CalKids Institute | ** Support |
Date of Hearing: May 13, 2026
ASSEMBLY COMMITTEE ON APPROPRIATIONS
Buffy Wicks, Chair
ABPCA Bill Id:AB 2444
Author:(Michelle Rodriguez) – As Amended Ver:April 13, 2026
Policy Committee: | Revenue and Taxation | Vote: | 7 - 0 |
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Urgency: No State Mandated Local Program: No Reimbursable: No
SUMMARY:
This bill conforms to federal law allowing a taxpayer to rollover amounts from a qualified tuition program (QTP) to a Roth Individual Retirement Account (IRA) without tax or penalty and allows an above-the-line deduction for certain contributions to California’s ScholarShare QTP.
Specifically, this bill:
- Excludes, for taxable years beginning on or after January 1, 2026, and before January 1, 2031, from gross income under the Personal Income Tax (PIT) Law a distribution made from a long-term QTP paid in a direct trustee-to-trustee transfer to a Roth IRA.
- Allows, for taxable years beginning on or after January 1, 2027, and before January 1, 2032, a PIT deduction of $10,000 or $5,000, depending on filing status, in determining adjusted gross income for contributions to a ScholarShare529 account by a qualified taxpayer meeting certain income limits.
- Declares the goals for the new tax expenditures and requires the ScholarShare Investment Board (ScholarShare Board) to collect data related to the gross income exclusion from the Franchise Tax Board (FTB) pursuant to certain data sharing procedures, survey new and existing Scholarshare account owners, and provide an annual report with such information to the Legislature.
FISCAL EFFECT:
- General Fund (GF) revenue loss of approximately $22.1 million in fiscal year (FY) 2026-27, $19.4 million in FY 2027-28, and $21 million in FY 2028-29.
By reducing GF revenue, this bill also likely decreases Proposition 98 GF spending by approximately 40% of the revenue loss (the exact amount depends on the operative test of the annual Proposition 98 guarantee).
- Costs of an unknown amount to the FTB to administer the income exclusion and deduction and report certain information to the ScholarShare Board (GF). The FTB notes this bill would result in programming, processing, forms, and form instruction revisions, as well as the need to conduct taxpayer outreach.
- Likely absorbable costs to the ScholarShare Board to collect data from the FTB, conduct the survey, and provide the report to the Legislature.
The Legislative Analyst’s Office recently warned of GF structural deficits of around $35 billion per year in FY 2027-28 and ongoing.
COMMENTS:
- Purpose. According to the author:
College is increasingly expensive, and too many California families struggle to save enough to help their children pursue higher education without taking on significant debt. AB 2444 encourages families to plan and save early by strengthening incentives to contribute to ScholarShare 529 college savings accounts. By aligning California tax law with federal law and providing a state tax deduction for contributions, this bill gives families greater flexibility and confidence when saving for education.
- ScholarShare 529 and Other QTPs. ScholarShare 529 is the state-sponsored, tax-advantaged QTP, or college savings investment program helping families plan for the costs of higher education. The plan provides families with a diverse set of low-cost investment options, tax-deferred growth on investments and tax-free withdrawals on distributions used for qualified education expenses. Recent changes to federal law expanded distributions from a QTP that may be excluded from gross income to include distributions made after December 31, 2023, to a Roth IRA, with certain limitations on the amount transferred.
This bill conforms to federal law in that regard for distributions made during the next five taxable years, thus allowing a QTP beneficiary to transfer certain amounts from their QTP account into a Roth IRA without being taxed on the distribution. Although federal conformity eases tax administration for all parties, providing this income exclusion would also provide a tax benefit to Californians with the means to save money for higher education, at the expense of other Californians without such means. This bill also allows a PIT deduction for contributions to a ScholarShare529 account, but not other QTPs.
- Support and Opposition. This bill is sponsored by State Treasurer Fiona Ma, who argues this bill “would conform state law with federal law, and improve ScholarShare529’s ability to meet its directives in cultivating long-term savings for education.” This bill is also supported by financial planning and youth advocate groups.
This bill is opposed by labor organizations that generally oppose new tax expenditures and the Securities Industry and Financial Markets Association, unless amended to remove “language that would create a state tax deduction for contributions to just the state sponsored 529 plan” and not all plans generally.
- Prior Legislation. AB 1589 (Connolly), of the 2023-2024 Legislative Session, was similar to the PIT deduction provisions of this bill. AB 1589 was held on the Assembly Revenue and Taxation Committee’s suspense file.
AB 2524 (Ward), of the 2023-2024 Legislative Session, was similar to the gross income exclusion provisions of this bill. AB 2524 was held on this committee’s suspense file.
Analysis Prepared by: Irene Ho / APPR. / (916) 319-2081
Discussed in Hearing
7MIN
Assembly Standing Committee on Revenue and Taxation
Bill Author
Bill Co-Author(s):