| 1 | 1 | | CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION Senate Bill No. 1415Introduced by Senator Borgeas(Coauthors: Senators Bates and Wilk)(Coauthors: Assembly Members Diep and Mathis)February 21, 2020 An act to add and repeal Section 17053.49 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.LEGISLATIVE COUNSEL'S DIGESTSB 1415, as introduced, Borgeas. Income taxes: credits: backup electricity generators.The Personal Income Tax Law allows various credits against the taxes imposed by that law. Existing law requires any 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 allow a credit against those taxes for each taxable year beginning on or after January 1, 2021, and before January 1, 2026, in an amount that is equal to 50% of the amount incurred by a natural person or a small business, as defined, during the taxable year for the purchase, that does not exceed $7,000, of a backup generator for use in a residence or commercial property in a designated wildfire zone, as defined. The bill would also include additional information required for any bill authorizing a new tax expenditure.This bill would take effect immediately as a tax levy.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 17053.49 is added to the Revenue and Taxation Code, to read:17053.49. (a) (1) For each taxable year beginning on or after January 1, 2021, and before January 1, 2026, there shall be allowed as a credit against the net tax, as defined in Section 17039, an amount equal to the amount specified in paragraph (2) for a qualified expenditure paid or incurred by the qualified taxpayer during the taxable year.(2) The amount of the credit allowed pursuant to this section for the taxable year shall be equal to 50 percent of the amount paid or incurred by a qualified taxpayer during the taxable year for a qualified expenditure, not to exceed three thousand five hundred dollars ($3,500) per taxable year.(b) For purposes of this section:(1) Designated wildfire zone means a very high fire hazard severity zone, as determined by the Department of Forestry and Fire Protection pursuant to Section 51178 of the Government Code, or within a high or very high fire hazard severity zone as indicated on maps adopted by the Department of Forestry and Fire Protection pursuant to Section 4202 of the Public Resources Code.(2) Qualified taxpayer means a natural person or a small business that incurs a qualified expenditure.(3) Qualified expenditure means the purchase of a back-up electricity generator that does not exceed seven thousand dollars ($7,000) for use in a residence or commercial property in a designated wildfire zone.(c) In the case where the credit allowed by this section exceeds the net tax, the excess may be carried over to reduce the net tax in the following taxable year, and succeeding years if necessary, until the credit is exhausted.(d) This section shall remain in effect only until December 1, 2026, and as of that date is repealed.SEC. 2. (a) For the purposes of complying with Section 41 of the Revenue and Taxation Code, the Legislature finds and declares the following:(1) The goal, purpose, or objective of Section 17053.49 of the Revenue and Taxation Code, as added by this act, hereafter the credit, is to encourage the purchase of backup electricity generators that are necessary to protect the health and safety of residents and businesses in designated wildfire zones.(2) The performance indicator for the Legislature to use when measuring whether the credit meets the goal, purpose, or objective specified in paragraph (1) is how many taxpayers are allowed the credits.(b) Notwithstanding Section 19542 of the Revenue and Taxation Code, the Franchise Tax Board shall annually publish anonymized data on the credit through calendar year 2026.SEC. 3. 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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| 3 | 3 | | CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION Senate Bill No. 1415Introduced by Senator Borgeas(Coauthors: Senators Bates and Wilk)(Coauthors: Assembly Members Diep and Mathis)February 21, 2020 An act to add and repeal Section 17053.49 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.LEGISLATIVE COUNSEL'S DIGESTSB 1415, as introduced, Borgeas. Income taxes: credits: backup electricity generators.The Personal Income Tax Law allows various credits against the taxes imposed by that law. Existing law requires any 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 allow a credit against those taxes for each taxable year beginning on or after January 1, 2021, and before January 1, 2026, in an amount that is equal to 50% of the amount incurred by a natural person or a small business, as defined, during the taxable year for the purchase, that does not exceed $7,000, of a backup generator for use in a residence or commercial property in a designated wildfire zone, as defined. The bill would also include additional information required for any bill authorizing a new tax expenditure.This bill would take effect immediately as a tax levy.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NO |
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| 9 | 9 | | CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION |
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| 10 | 10 | | |
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| 11 | 11 | | Senate Bill |
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| 12 | 12 | | |
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| 13 | 13 | | No. 1415 |
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| 15 | 15 | | Introduced by Senator Borgeas(Coauthors: Senators Bates and Wilk)(Coauthors: Assembly Members Diep and Mathis)February 21, 2020 |
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| 17 | 17 | | Introduced by Senator Borgeas(Coauthors: Senators Bates and Wilk)(Coauthors: Assembly Members Diep and Mathis) |
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| 18 | 18 | | February 21, 2020 |
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| 19 | 19 | | |
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| 20 | 20 | | An act to add and repeal Section 17053.49 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy. |
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| 21 | 21 | | |
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| 22 | 22 | | LEGISLATIVE COUNSEL'S DIGEST |
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| 23 | 23 | | |
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| 24 | 24 | | ## LEGISLATIVE COUNSEL'S DIGEST |
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| 25 | 25 | | |
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| 26 | 26 | | SB 1415, as introduced, Borgeas. Income taxes: credits: backup electricity generators. |
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| 27 | 27 | | |
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| 28 | 28 | | The Personal Income Tax Law allows various credits against the taxes imposed by that law. Existing law requires any 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 allow a credit against those taxes for each taxable year beginning on or after January 1, 2021, and before January 1, 2026, in an amount that is equal to 50% of the amount incurred by a natural person or a small business, as defined, during the taxable year for the purchase, that does not exceed $7,000, of a backup generator for use in a residence or commercial property in a designated wildfire zone, as defined. The bill would also include additional information required for any bill authorizing a new tax expenditure.This bill would take effect immediately as a tax levy. |
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| 30 | 30 | | The Personal Income Tax Law allows various credits against the taxes imposed by that law. Existing law requires any 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. |
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| 32 | 32 | | This bill would allow a credit against those taxes for each taxable year beginning on or after January 1, 2021, and before January 1, 2026, in an amount that is equal to 50% of the amount incurred by a natural person or a small business, as defined, during the taxable year for the purchase, that does not exceed $7,000, of a backup generator for use in a residence or commercial property in a designated wildfire zone, as defined. The bill would also include additional information required for any bill authorizing a new tax expenditure. |
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| 33 | 33 | | |
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| 34 | 34 | | This bill would take effect immediately as a tax levy. |
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| 35 | 35 | | |
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| 36 | 36 | | ## Digest Key |
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| 37 | 37 | | |
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| 38 | 38 | | ## Bill Text |
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| 40 | 40 | | The people of the State of California do enact as follows:SECTION 1. Section 17053.49 is added to the Revenue and Taxation Code, to read:17053.49. (a) (1) For each taxable year beginning on or after January 1, 2021, and before January 1, 2026, there shall be allowed as a credit against the net tax, as defined in Section 17039, an amount equal to the amount specified in paragraph (2) for a qualified expenditure paid or incurred by the qualified taxpayer during the taxable year.(2) The amount of the credit allowed pursuant to this section for the taxable year shall be equal to 50 percent of the amount paid or incurred by a qualified taxpayer during the taxable year for a qualified expenditure, not to exceed three thousand five hundred dollars ($3,500) per taxable year.(b) For purposes of this section:(1) Designated wildfire zone means a very high fire hazard severity zone, as determined by the Department of Forestry and Fire Protection pursuant to Section 51178 of the Government Code, or within a high or very high fire hazard severity zone as indicated on maps adopted by the Department of Forestry and Fire Protection pursuant to Section 4202 of the Public Resources Code.(2) Qualified taxpayer means a natural person or a small business that incurs a qualified expenditure.(3) Qualified expenditure means the purchase of a back-up electricity generator that does not exceed seven thousand dollars ($7,000) for use in a residence or commercial property in a designated wildfire zone.(c) In the case where the credit allowed by this section exceeds the net tax, the excess may be carried over to reduce the net tax in the following taxable year, and succeeding years if necessary, until the credit is exhausted.(d) This section shall remain in effect only until December 1, 2026, and as of that date is repealed.SEC. 2. (a) For the purposes of complying with Section 41 of the Revenue and Taxation Code, the Legislature finds and declares the following:(1) The goal, purpose, or objective of Section 17053.49 of the Revenue and Taxation Code, as added by this act, hereafter the credit, is to encourage the purchase of backup electricity generators that are necessary to protect the health and safety of residents and businesses in designated wildfire zones.(2) The performance indicator for the Legislature to use when measuring whether the credit meets the goal, purpose, or objective specified in paragraph (1) is how many taxpayers are allowed the credits.(b) Notwithstanding Section 19542 of the Revenue and Taxation Code, the Franchise Tax Board shall annually publish anonymized data on the credit through calendar year 2026.SEC. 3. 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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| 42 | 42 | | The people of the State of California do enact as follows: |
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| 44 | 44 | | ## The people of the State of California do enact as follows: |
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| 46 | 46 | | SECTION 1. Section 17053.49 is added to the Revenue and Taxation Code, to read:17053.49. (a) (1) For each taxable year beginning on or after January 1, 2021, and before January 1, 2026, there shall be allowed as a credit against the net tax, as defined in Section 17039, an amount equal to the amount specified in paragraph (2) for a qualified expenditure paid or incurred by the qualified taxpayer during the taxable year.(2) The amount of the credit allowed pursuant to this section for the taxable year shall be equal to 50 percent of the amount paid or incurred by a qualified taxpayer during the taxable year for a qualified expenditure, not to exceed three thousand five hundred dollars ($3,500) per taxable year.(b) For purposes of this section:(1) Designated wildfire zone means a very high fire hazard severity zone, as determined by the Department of Forestry and Fire Protection pursuant to Section 51178 of the Government Code, or within a high or very high fire hazard severity zone as indicated on maps adopted by the Department of Forestry and Fire Protection pursuant to Section 4202 of the Public Resources Code.(2) Qualified taxpayer means a natural person or a small business that incurs a qualified expenditure.(3) Qualified expenditure means the purchase of a back-up electricity generator that does not exceed seven thousand dollars ($7,000) for use in a residence or commercial property in a designated wildfire zone.(c) In the case where the credit allowed by this section exceeds the net tax, the excess may be carried over to reduce the net tax in the following taxable year, and succeeding years if necessary, until the credit is exhausted.(d) This section shall remain in effect only until December 1, 2026, and as of that date is repealed. |
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| 48 | 48 | | SECTION 1. Section 17053.49 is added to the Revenue and Taxation Code, to read: |
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| 50 | 50 | | ### SECTION 1. |
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| 52 | 52 | | 17053.49. (a) (1) For each taxable year beginning on or after January 1, 2021, and before January 1, 2026, there shall be allowed as a credit against the net tax, as defined in Section 17039, an amount equal to the amount specified in paragraph (2) for a qualified expenditure paid or incurred by the qualified taxpayer during the taxable year.(2) The amount of the credit allowed pursuant to this section for the taxable year shall be equal to 50 percent of the amount paid or incurred by a qualified taxpayer during the taxable year for a qualified expenditure, not to exceed three thousand five hundred dollars ($3,500) per taxable year.(b) For purposes of this section:(1) Designated wildfire zone means a very high fire hazard severity zone, as determined by the Department of Forestry and Fire Protection pursuant to Section 51178 of the Government Code, or within a high or very high fire hazard severity zone as indicated on maps adopted by the Department of Forestry and Fire Protection pursuant to Section 4202 of the Public Resources Code.(2) Qualified taxpayer means a natural person or a small business that incurs a qualified expenditure.(3) Qualified expenditure means the purchase of a back-up electricity generator that does not exceed seven thousand dollars ($7,000) for use in a residence or commercial property in a designated wildfire zone.(c) In the case where the credit allowed by this section exceeds the net tax, the excess may be carried over to reduce the net tax in the following taxable year, and succeeding years if necessary, until the credit is exhausted.(d) This section shall remain in effect only until December 1, 2026, and as of that date is repealed. |
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| 54 | 54 | | 17053.49. (a) (1) For each taxable year beginning on or after January 1, 2021, and before January 1, 2026, there shall be allowed as a credit against the net tax, as defined in Section 17039, an amount equal to the amount specified in paragraph (2) for a qualified expenditure paid or incurred by the qualified taxpayer during the taxable year.(2) The amount of the credit allowed pursuant to this section for the taxable year shall be equal to 50 percent of the amount paid or incurred by a qualified taxpayer during the taxable year for a qualified expenditure, not to exceed three thousand five hundred dollars ($3,500) per taxable year.(b) For purposes of this section:(1) Designated wildfire zone means a very high fire hazard severity zone, as determined by the Department of Forestry and Fire Protection pursuant to Section 51178 of the Government Code, or within a high or very high fire hazard severity zone as indicated on maps adopted by the Department of Forestry and Fire Protection pursuant to Section 4202 of the Public Resources Code.(2) Qualified taxpayer means a natural person or a small business that incurs a qualified expenditure.(3) Qualified expenditure means the purchase of a back-up electricity generator that does not exceed seven thousand dollars ($7,000) for use in a residence or commercial property in a designated wildfire zone.(c) In the case where the credit allowed by this section exceeds the net tax, the excess may be carried over to reduce the net tax in the following taxable year, and succeeding years if necessary, until the credit is exhausted.(d) This section shall remain in effect only until December 1, 2026, and as of that date is repealed. |
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| 56 | 56 | | 17053.49. (a) (1) For each taxable year beginning on or after January 1, 2021, and before January 1, 2026, there shall be allowed as a credit against the net tax, as defined in Section 17039, an amount equal to the amount specified in paragraph (2) for a qualified expenditure paid or incurred by the qualified taxpayer during the taxable year.(2) The amount of the credit allowed pursuant to this section for the taxable year shall be equal to 50 percent of the amount paid or incurred by a qualified taxpayer during the taxable year for a qualified expenditure, not to exceed three thousand five hundred dollars ($3,500) per taxable year.(b) For purposes of this section:(1) Designated wildfire zone means a very high fire hazard severity zone, as determined by the Department of Forestry and Fire Protection pursuant to Section 51178 of the Government Code, or within a high or very high fire hazard severity zone as indicated on maps adopted by the Department of Forestry and Fire Protection pursuant to Section 4202 of the Public Resources Code.(2) Qualified taxpayer means a natural person or a small business that incurs a qualified expenditure.(3) Qualified expenditure means the purchase of a back-up electricity generator that does not exceed seven thousand dollars ($7,000) for use in a residence or commercial property in a designated wildfire zone.(c) In the case where the credit allowed by this section exceeds the net tax, the excess may be carried over to reduce the net tax in the following taxable year, and succeeding years if necessary, until the credit is exhausted.(d) This section shall remain in effect only until December 1, 2026, and as of that date is repealed. |
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| 60 | 60 | | 17053.49. (a) (1) For each taxable year beginning on or after January 1, 2021, and before January 1, 2026, there shall be allowed as a credit against the net tax, as defined in Section 17039, an amount equal to the amount specified in paragraph (2) for a qualified expenditure paid or incurred by the qualified taxpayer during the taxable year. |
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| 62 | 62 | | (2) The amount of the credit allowed pursuant to this section for the taxable year shall be equal to 50 percent of the amount paid or incurred by a qualified taxpayer during the taxable year for a qualified expenditure, not to exceed three thousand five hundred dollars ($3,500) per taxable year. |
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| 63 | 63 | | |
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| 64 | 64 | | (b) For purposes of this section: |
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| 66 | 66 | | (1) Designated wildfire zone means a very high fire hazard severity zone, as determined by the Department of Forestry and Fire Protection pursuant to Section 51178 of the Government Code, or within a high or very high fire hazard severity zone as indicated on maps adopted by the Department of Forestry and Fire Protection pursuant to Section 4202 of the Public Resources Code. |
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| 68 | 68 | | (2) Qualified taxpayer means a natural person or a small business that incurs a qualified expenditure. |
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| 70 | 70 | | (3) Qualified expenditure means the purchase of a back-up electricity generator that does not exceed seven thousand dollars ($7,000) for use in a residence or commercial property in a designated wildfire zone. |
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| 72 | 72 | | (c) In the case where the credit allowed by this section exceeds the net tax, the excess may be carried over to reduce the net tax in the following taxable year, and succeeding years if necessary, until the credit is exhausted. |
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| 74 | 74 | | (d) This section shall remain in effect only until December 1, 2026, and as of that date is repealed. |
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| 76 | 76 | | SEC. 2. (a) For the purposes of complying with Section 41 of the Revenue and Taxation Code, the Legislature finds and declares the following:(1) The goal, purpose, or objective of Section 17053.49 of the Revenue and Taxation Code, as added by this act, hereafter the credit, is to encourage the purchase of backup electricity generators that are necessary to protect the health and safety of residents and businesses in designated wildfire zones.(2) The performance indicator for the Legislature to use when measuring whether the credit meets the goal, purpose, or objective specified in paragraph (1) is how many taxpayers are allowed the credits.(b) Notwithstanding Section 19542 of the Revenue and Taxation Code, the Franchise Tax Board shall annually publish anonymized data on the credit through calendar year 2026. |
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| 78 | 78 | | SEC. 2. (a) For the purposes of complying with Section 41 of the Revenue and Taxation Code, the Legislature finds and declares the following:(1) The goal, purpose, or objective of Section 17053.49 of the Revenue and Taxation Code, as added by this act, hereafter the credit, is to encourage the purchase of backup electricity generators that are necessary to protect the health and safety of residents and businesses in designated wildfire zones.(2) The performance indicator for the Legislature to use when measuring whether the credit meets the goal, purpose, or objective specified in paragraph (1) is how many taxpayers are allowed the credits.(b) Notwithstanding Section 19542 of the Revenue and Taxation Code, the Franchise Tax Board shall annually publish anonymized data on the credit through calendar year 2026. |
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| 80 | 80 | | SEC. 2. (a) For the purposes of complying with Section 41 of the Revenue and Taxation Code, the Legislature finds and declares the following: |
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| 82 | 82 | | ### SEC. 2. |
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| 84 | 84 | | (1) The goal, purpose, or objective of Section 17053.49 of the Revenue and Taxation Code, as added by this act, hereafter the credit, is to encourage the purchase of backup electricity generators that are necessary to protect the health and safety of residents and businesses in designated wildfire zones. |
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| 86 | 86 | | (2) The performance indicator for the Legislature to use when measuring whether the credit meets the goal, purpose, or objective specified in paragraph (1) is how many taxpayers are allowed the credits. |
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| 88 | 88 | | (b) Notwithstanding Section 19542 of the Revenue and Taxation Code, the Franchise Tax Board shall annually publish anonymized data on the credit through calendar year 2026. |
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| 89 | 89 | | |
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| 90 | 90 | | SEC. 3. 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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| 92 | 92 | | SEC. 3. 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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| 94 | 94 | | SEC. 3. 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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| 96 | 96 | | ### SEC. 3. |
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