Income taxes: gross income exclusions: state of emergency: natural disaster settlements.

Summary

The bill would let individuals and businesses that receive settlement money to replace property damaged in a declared state or local emergency not count that money as taxable income. It applies to qualified taxpayers who own, reside in, or run a business in the affected area and receive payments from an approved settlement entity. The exclusion is temporary, ending on December 1 2030.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Vote

From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 0. Page 1081.) (May 14). Re-referred to Com. on APPR. · May 14, 2025

Hearings

• Appropriations Committee Hearing
  Appropriations · May 23, 2025
• Appropriations Committee Hearing
  Appropriations · May 19, 2025
• Revenue and Taxation Committee Hearing
  Revenue and Taxation · May 14, 2025

History

1. Feb 2, 2026Returned to Secretary of Senate pursuant to Joint Rule 56.
2. May 23, 2025May 23 hearing: Held in committee and under submission.
3. May 20, 2025Set for hearing May 23.
4. May 19, 2025May 19 hearing: Placed on APPR. suspense file.
5. May 15, 2025Set for hearing May 19.
6. May 14, 2025From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 0. Page 1081.) (May 14). Re-referred to Com. on APPR.
7. May 7, 2025From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX.
8. Apr 28, 2025From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX.
9. Mar 18, 2025Set for hearing May 14.
10. Feb 14, 2025Referred to Com. on REV. & TAX.
11. Feb 4, 2025From printer. May be acted upon on or after March 6.
12. Feb 3, 2025Introduced. Read first time. To Com. on RLS. for assignment. To print.

Sponsors

• Choi · sponsor
• Alanis
• Jeff Gonzalez
• Jones
• Niello
• Ochoa Bogh
• Patterson

Bill text

Opens the legislature’s own copy.

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