AB 760: Income taxes: exclusions: 2026 Garden Grove chemical leak.

Session Year: 2025-2026
House: Assembly
Latest Version Date: 2026-06-11

Current Status:

In Progress

(2026-06-15: Re-referred to Com. on REV. & TAX.)

Introduced

In Committee

First Chamber

In Committee

Second Chamber

Enacted

Version:

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 provide various exclusions from gross income.

This bill would, for taxable years beginning on or after January 1, 2026, and before January 1, 2031, provide an exclusion from gross income for any qualified taxpayer, as defined, for amounts received for costs and losses associated with the 2026 Garden Grove chemical leak, as provided.

Existing law requires any bill authorizing a new tax expenditure to contain, among other things, specific goals that 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.

Existing law, the Mobilehome Residency Law, regulates mobilehome parks and generally subjects management of a mobilehome park to all park rules and regulations to the same extent as residents and their guests. In this regard, if a rule or regulation prohibits either renting or subleasing by a homeowner, existing law prohibits management from renting a mobilehome it owns, except to house onsite employees, avoid a vacancy, or continue a rental agreement executed before January 1, 2022, as specified. Existing law exempts from these provisions mobilehomes and mobilehome sites restricted to affordable housing uses in a park owned by specified nonprofit, government, or other qualified entities, as provided.This bill would additionally exempt from the above-described provisions a mobilehome park that is located in a city or county that is, or has been in the prior 6 months, under a state of emergency caused by a disaster or conditions that resulted in housing units being damaged, destroyed, or rendered uninhabitable, or that is located in an adjacent city or county. In this regard, the bill would allow the mobilehome park to directly rent a mobilehome to a tenant on a limited emergency basis, as specified, not to exceed 36 months from the expiration of the state of emergency. The bill would specify that this exemption would apply for the duration of a tenancy in which the tenant is using the mobilehome as their personal and actual residence.The bill would include findings that changes proposed by this bill address a matter of statewide concern rather than a municipal affair and, therefore, apply to all cities, including charter cities.

Discussed in Hearing