Personal income taxes: deductions: CalABLE contributions.
From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
Summary
The bill creates a new state tax deduction equal to the amount a taxpayer puts into a CalABLE account each year, beginning in 2026 and ending in 2030. It is aimed at people with disabilities and their families to encourage more savings for future health and independence needs. The Legislature will require the Franchise Tax Board to report on the deduction’s use and its impact.
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7 yes
0 no
From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (May 5). Re-referred to Com. on APPR. · May 6, 2025
Hearings
- Appropriations Committee HearingAppropriations · May 23, 2025
- Appropriations Committee HearingAppropriations · May 21, 2025
- Revenue and Taxation Committee HearingRevenue and Taxation · May 5, 2025
- Revenue and Taxation Committee HearingRevenue and Taxation · Mar 24, 2025
History
- From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
- Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
- In committee: Held under submission.
- Joint Rule 62(a), file notice suspended. (Page 1627.)
- In committee: Set, first hearing. Referred to APPR. suspense file.
- In committee: Hearing postponed by committee.
- From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (May 5). Re-referred to Com. on APPR.
- In committee: Set, first hearing. Referred to suspense file.
- Referred to Com. on REV. & TAX.
- From printer. May be heard in committee March 23.
- Read first time. To print.
Sponsors
- Nguyen · sponsor
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