California 2025-2026 Regular Session

California Assembly Bill AB429 Compare Versions

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11 CALIFORNIA LEGISLATURE 20252026 REGULAR SESSION Assembly Bill No. 429Introduced by Assembly Member Hadwick(Coauthor: Assembly Member Lackey)(Coauthor: Senator Dahle)February 05, 2025An act to add and repeal Sections 17139.4 and 24309.8 of the Revenue and Taxation Code, relating to taxation, and declaring the urgency thereof, to take effect immediately.LEGISLATIVE COUNSEL'S DIGESTAB 429, as introduced, Hadwick. Personal Income Tax Law: Corporation Tax Law: exclusions: wildfires.The Personal Income Tax Law and the Corporation 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.This bill, for taxable years beginning on or after January 1, 2022, and before January 1, 2027, would provide an exclusion from gross income for amounts received by a qualified taxpayer, as defined, in settlement for costs and losses associated with the 2021 Dixie Fire in the Counties of Butte, Plumas, Lassen, Shasta, and Tehama, the 2022 Mill Fire in the County of Siskiyou, or the 2024 Park Fire in the Counties of Butte and Tehama, as provided.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.The bill would make legislative findings and declarations related to a gift of public funds. This bill would declare that it is to take effect immediately as an urgency statute.Digest Key Vote: 2/3 Appropriation: NO Fiscal Committee: YES Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 17139.4 is added to the Revenue and Taxation Code, to read:17139.4. (a) For taxable years beginning on or after January 1, 2022, and before January 1, 2027, gross income does not include any qualified amount received by a qualified taxpayer.(b) For purposes of this section:(1) Qualified amount means any amount received in settlement by a qualified taxpayer from a settlement entity in connection with any of the following:(A) The 2021 Dixie Fire.(B) The 2022 Mill Fire.(C) The 2024 Park Fire.(2) Qualified taxpayer means any of the following:(A) In relation to the 2021 Dixie Fire, the following: (i) Any taxpayer that owned real property located in the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.(ii) Any taxpayer that resided within the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.(iii) Any taxpayer that had a place of business within the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.(B) In relation to the 2022 Mill Fire, the following:(i) Any taxpayer that owned real property located in the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.(ii) Any taxpayer that resided within the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.(iii) Any taxpayer that had a place of business within the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.(C) In relation to the 2024 Park Fire, the following:(i) Any taxpayer that owned real property located in the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.(ii) Any taxpayer that resided within the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.(iii) Any taxpayer that had a place of business within the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.(3) Settlement entity means the following:(A) In relation to the 2021 Dixie Fire, Pacific Gas and Electric Company or its subsidiary making the settlement payment to a qualified taxpayer.(B) In relation to the 2022 Mill Fire, Roseburg Forest Products or its subsidiary or agent making the settlement payment to a qualified taxpayer. (C) In relation to the 2024 Park Fire, an entity, approved by a class action settlement administrator, making a settlement payment related to the 2024 Park Fire to a qualified taxpayer.(c) The settlement entity shall provide, upon request by the Franchise Tax Board, documentation of the settlement payments in the form and manner requested by the Franchise Tax Board.(d) (1) For the purpose of complying with Section 41 in regards to the exclusion provided by this section and Section 24309.8, the Legislature finds and declares as follows:(A) The specific goal, purpose, and objective of the tax exclusion is to provide essential relief to individuals who have suffered injury, loss, inconvenience, and expenses resulting from the devastating 2021 Dixie Fire, 2022 Mill Fire, and 2024 Park Fire. (B) The performance indicators for the Legislature to use in determining if the exclusion achieves the stated goal, purpose, and objective shall be the number of qualified taxpayers that excluded qualified amounts from gross income, and the aggregate amount of settlement payments arising out of the 2021 Dixie Fire, the 2022 Mill Fire, or the 2024 Park Fire.(2) (A) On December 1, 2027, the Franchise Tax Board shall deliver to the Legislature a written report that includes both of the following: (i) To the extent feasible, the number of qualified taxpayers that excluded qualified amounts from gross income, as a result of the exclusion. (ii) The aggregate amount of those settlement payments arising out of the 2021 Dixie Fire, the 2022 Mill Fire, or the 2024 Park Fire. (B) The report required by this paragraph shall be delivered to the Legislature in compliance with Section 9795 of the Government Code. (C) The disclosure provisions of this subdivision shall be treated as an exception to Section 19542. (e) This section shall remain in effect only until December 1, 2027, and as of that date is repealed.SEC. 2. Section 24309.8 is added to the Revenue and Taxation Code, to read:24309.8. (a) For taxable years beginning on or after January 1, 2022, and before January 1, 2027, gross income does not include any qualified amount received by a qualified taxpayer.(b) For purposes of this section:(1) Qualified amount means any amount received in settlement by a qualified taxpayer from a settlement entity in connection with any of the following:(A) The 2021 Dixie Fire.(B) The 2022 Mill Fire.(C) The 2024 Park Fire.(2) Qualified taxpayer means any of the following:(A) In relation to the 2021 Dixie Fire, the following: (i) Any taxpayer that owned real property located in the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.(ii) Any taxpayer that had a place of business within the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.(B) In relation to the 2022 Mill Fire, the following:(i) Any taxpayer that owned real property located in the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.(ii) Any taxpayer that had a place of business within the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.(C) In relation to the 2024 Park Fire, the following:(i) Any taxpayer that owned real property located in the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.(ii) Any taxpayer that had a place of business within the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.(3) Settlement entity means the following:(A) In relation to the 2021 Dixie Fire, Pacific Gas and Electric Company or its subsidiary making the settlement payment to a qualified taxpayer.(B) In relation to the 2022 Mill Fire, Roseburg Forest Products or its subsidiary or agent making the settlement payment to a qualified taxpayer.(C) In relation to the 2024 Park Fire, _____ (entity) or its subsidiary or agent making the settlement payment to a qualified taxpayer.(c) The settlement entity shall provide, upon request by the Franchise Tax Board, documentation of the settlement payments in the form and manner requested by the Franchise Tax Board.(d) This section shall remain in effect only until December 1, 2027, and as of that date is repealed.SEC. 3. The Legislature finds and declares that Sections 17139.4 and 24309.8 of the Revenue and Taxation Code, as added by this act, are necessary for the public purpose of preventing undue hardship to taxpayers who reside, or used to reside, in a part of California devastated by fire, and do not constitute a gift of public funds within the meaning of Section 6 of Article XVI of the California Constitution.SEC. 4. This act is an urgency statute necessary for the immediate preservation of the public peace, health, or safety within the meaning of Article IV of the California Constitution and shall go into immediate effect. The facts constituting the necessity are:In order to provide essential relief to those persons who have suffered injury, loss, inconvenience, and expenses resulting from the devastating 2021 Dixie Fire, 2022 Mill Fire, and the 2024 Park Fire, as soon as possible, it is necessary that this act take effect immediately.
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33 CALIFORNIA LEGISLATURE 20252026 REGULAR SESSION Assembly Bill No. 429Introduced by Assembly Member Hadwick(Coauthor: Assembly Member Lackey)(Coauthor: Senator Dahle)February 05, 2025An act to add and repeal Sections 17139.4 and 24309.8 of the Revenue and Taxation Code, relating to taxation, and declaring the urgency thereof, to take effect immediately.LEGISLATIVE COUNSEL'S DIGESTAB 429, as introduced, Hadwick. Personal Income Tax Law: Corporation Tax Law: exclusions: wildfires.The Personal Income Tax Law and the Corporation 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.This bill, for taxable years beginning on or after January 1, 2022, and before January 1, 2027, would provide an exclusion from gross income for amounts received by a qualified taxpayer, as defined, in settlement for costs and losses associated with the 2021 Dixie Fire in the Counties of Butte, Plumas, Lassen, Shasta, and Tehama, the 2022 Mill Fire in the County of Siskiyou, or the 2024 Park Fire in the Counties of Butte and Tehama, as provided.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.The bill would make legislative findings and declarations related to a gift of public funds. This bill would declare that it is to take effect immediately as an urgency statute.Digest Key Vote: 2/3 Appropriation: NO Fiscal Committee: YES Local Program: NO
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99 CALIFORNIA LEGISLATURE 20252026 REGULAR SESSION
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1111 Assembly Bill
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1313 No. 429
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1515 Introduced by Assembly Member Hadwick(Coauthor: Assembly Member Lackey)(Coauthor: Senator Dahle)February 05, 2025
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1717 Introduced by Assembly Member Hadwick(Coauthor: Assembly Member Lackey)(Coauthor: Senator Dahle)
1818 February 05, 2025
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2020 An act to add and repeal Sections 17139.4 and 24309.8 of the Revenue and Taxation Code, relating to taxation, and declaring the urgency thereof, to take effect immediately.
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2222 LEGISLATIVE COUNSEL'S DIGEST
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2424 ## LEGISLATIVE COUNSEL'S DIGEST
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2626 AB 429, as introduced, Hadwick. Personal Income Tax Law: Corporation Tax Law: exclusions: wildfires.
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2828 The Personal Income Tax Law and the Corporation 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.This bill, for taxable years beginning on or after January 1, 2022, and before January 1, 2027, would provide an exclusion from gross income for amounts received by a qualified taxpayer, as defined, in settlement for costs and losses associated with the 2021 Dixie Fire in the Counties of Butte, Plumas, Lassen, Shasta, and Tehama, the 2022 Mill Fire in the County of Siskiyou, or the 2024 Park Fire in the Counties of Butte and Tehama, as provided.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.The bill would make legislative findings and declarations related to a gift of public funds. This bill would declare that it is to take effect immediately as an urgency statute.
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3030 The Personal Income Tax Law and the Corporation 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.
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3232 This bill, for taxable years beginning on or after January 1, 2022, and before January 1, 2027, would provide an exclusion from gross income for amounts received by a qualified taxpayer, as defined, in settlement for costs and losses associated with the 2021 Dixie Fire in the Counties of Butte, Plumas, Lassen, Shasta, and Tehama, the 2022 Mill Fire in the County of Siskiyou, or the 2024 Park Fire in the Counties of Butte and Tehama, as provided.
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3434 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.
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3636 This bill would include additional information required for any bill authorizing a new tax expenditure.
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3838 The bill would make legislative findings and declarations related to a gift of public funds.
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4040 This bill would declare that it is to take effect immediately as an urgency statute.
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4242 ## Digest Key
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4444 ## Bill Text
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4646 The people of the State of California do enact as follows:SECTION 1. Section 17139.4 is added to the Revenue and Taxation Code, to read:17139.4. (a) For taxable years beginning on or after January 1, 2022, and before January 1, 2027, gross income does not include any qualified amount received by a qualified taxpayer.(b) For purposes of this section:(1) Qualified amount means any amount received in settlement by a qualified taxpayer from a settlement entity in connection with any of the following:(A) The 2021 Dixie Fire.(B) The 2022 Mill Fire.(C) The 2024 Park Fire.(2) Qualified taxpayer means any of the following:(A) In relation to the 2021 Dixie Fire, the following: (i) Any taxpayer that owned real property located in the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.(ii) Any taxpayer that resided within the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.(iii) Any taxpayer that had a place of business within the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.(B) In relation to the 2022 Mill Fire, the following:(i) Any taxpayer that owned real property located in the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.(ii) Any taxpayer that resided within the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.(iii) Any taxpayer that had a place of business within the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.(C) In relation to the 2024 Park Fire, the following:(i) Any taxpayer that owned real property located in the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.(ii) Any taxpayer that resided within the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.(iii) Any taxpayer that had a place of business within the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.(3) Settlement entity means the following:(A) In relation to the 2021 Dixie Fire, Pacific Gas and Electric Company or its subsidiary making the settlement payment to a qualified taxpayer.(B) In relation to the 2022 Mill Fire, Roseburg Forest Products or its subsidiary or agent making the settlement payment to a qualified taxpayer. (C) In relation to the 2024 Park Fire, an entity, approved by a class action settlement administrator, making a settlement payment related to the 2024 Park Fire to a qualified taxpayer.(c) The settlement entity shall provide, upon request by the Franchise Tax Board, documentation of the settlement payments in the form and manner requested by the Franchise Tax Board.(d) (1) For the purpose of complying with Section 41 in regards to the exclusion provided by this section and Section 24309.8, the Legislature finds and declares as follows:(A) The specific goal, purpose, and objective of the tax exclusion is to provide essential relief to individuals who have suffered injury, loss, inconvenience, and expenses resulting from the devastating 2021 Dixie Fire, 2022 Mill Fire, and 2024 Park Fire. (B) The performance indicators for the Legislature to use in determining if the exclusion achieves the stated goal, purpose, and objective shall be the number of qualified taxpayers that excluded qualified amounts from gross income, and the aggregate amount of settlement payments arising out of the 2021 Dixie Fire, the 2022 Mill Fire, or the 2024 Park Fire.(2) (A) On December 1, 2027, the Franchise Tax Board shall deliver to the Legislature a written report that includes both of the following: (i) To the extent feasible, the number of qualified taxpayers that excluded qualified amounts from gross income, as a result of the exclusion. (ii) The aggregate amount of those settlement payments arising out of the 2021 Dixie Fire, the 2022 Mill Fire, or the 2024 Park Fire. (B) The report required by this paragraph shall be delivered to the Legislature in compliance with Section 9795 of the Government Code. (C) The disclosure provisions of this subdivision shall be treated as an exception to Section 19542. (e) This section shall remain in effect only until December 1, 2027, and as of that date is repealed.SEC. 2. Section 24309.8 is added to the Revenue and Taxation Code, to read:24309.8. (a) For taxable years beginning on or after January 1, 2022, and before January 1, 2027, gross income does not include any qualified amount received by a qualified taxpayer.(b) For purposes of this section:(1) Qualified amount means any amount received in settlement by a qualified taxpayer from a settlement entity in connection with any of the following:(A) The 2021 Dixie Fire.(B) The 2022 Mill Fire.(C) The 2024 Park Fire.(2) Qualified taxpayer means any of the following:(A) In relation to the 2021 Dixie Fire, the following: (i) Any taxpayer that owned real property located in the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.(ii) Any taxpayer that had a place of business within the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.(B) In relation to the 2022 Mill Fire, the following:(i) Any taxpayer that owned real property located in the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.(ii) Any taxpayer that had a place of business within the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.(C) In relation to the 2024 Park Fire, the following:(i) Any taxpayer that owned real property located in the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.(ii) Any taxpayer that had a place of business within the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.(3) Settlement entity means the following:(A) In relation to the 2021 Dixie Fire, Pacific Gas and Electric Company or its subsidiary making the settlement payment to a qualified taxpayer.(B) In relation to the 2022 Mill Fire, Roseburg Forest Products or its subsidiary or agent making the settlement payment to a qualified taxpayer.(C) In relation to the 2024 Park Fire, _____ (entity) or its subsidiary or agent making the settlement payment to a qualified taxpayer.(c) The settlement entity shall provide, upon request by the Franchise Tax Board, documentation of the settlement payments in the form and manner requested by the Franchise Tax Board.(d) This section shall remain in effect only until December 1, 2027, and as of that date is repealed.SEC. 3. The Legislature finds and declares that Sections 17139.4 and 24309.8 of the Revenue and Taxation Code, as added by this act, are necessary for the public purpose of preventing undue hardship to taxpayers who reside, or used to reside, in a part of California devastated by fire, and do not constitute a gift of public funds within the meaning of Section 6 of Article XVI of the California Constitution.SEC. 4. This act is an urgency statute necessary for the immediate preservation of the public peace, health, or safety within the meaning of Article IV of the California Constitution and shall go into immediate effect. The facts constituting the necessity are:In order to provide essential relief to those persons who have suffered injury, loss, inconvenience, and expenses resulting from the devastating 2021 Dixie Fire, 2022 Mill Fire, and the 2024 Park Fire, as soon as possible, it is necessary that this act take effect immediately.
4747
4848 The people of the State of California do enact as follows:
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5050 ## The people of the State of California do enact as follows:
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5252 SECTION 1. Section 17139.4 is added to the Revenue and Taxation Code, to read:17139.4. (a) For taxable years beginning on or after January 1, 2022, and before January 1, 2027, gross income does not include any qualified amount received by a qualified taxpayer.(b) For purposes of this section:(1) Qualified amount means any amount received in settlement by a qualified taxpayer from a settlement entity in connection with any of the following:(A) The 2021 Dixie Fire.(B) The 2022 Mill Fire.(C) The 2024 Park Fire.(2) Qualified taxpayer means any of the following:(A) In relation to the 2021 Dixie Fire, the following: (i) Any taxpayer that owned real property located in the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.(ii) Any taxpayer that resided within the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.(iii) Any taxpayer that had a place of business within the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.(B) In relation to the 2022 Mill Fire, the following:(i) Any taxpayer that owned real property located in the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.(ii) Any taxpayer that resided within the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.(iii) Any taxpayer that had a place of business within the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.(C) In relation to the 2024 Park Fire, the following:(i) Any taxpayer that owned real property located in the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.(ii) Any taxpayer that resided within the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.(iii) Any taxpayer that had a place of business within the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.(3) Settlement entity means the following:(A) In relation to the 2021 Dixie Fire, Pacific Gas and Electric Company or its subsidiary making the settlement payment to a qualified taxpayer.(B) In relation to the 2022 Mill Fire, Roseburg Forest Products or its subsidiary or agent making the settlement payment to a qualified taxpayer. (C) In relation to the 2024 Park Fire, an entity, approved by a class action settlement administrator, making a settlement payment related to the 2024 Park Fire to a qualified taxpayer.(c) The settlement entity shall provide, upon request by the Franchise Tax Board, documentation of the settlement payments in the form and manner requested by the Franchise Tax Board.(d) (1) For the purpose of complying with Section 41 in regards to the exclusion provided by this section and Section 24309.8, the Legislature finds and declares as follows:(A) The specific goal, purpose, and objective of the tax exclusion is to provide essential relief to individuals who have suffered injury, loss, inconvenience, and expenses resulting from the devastating 2021 Dixie Fire, 2022 Mill Fire, and 2024 Park Fire. (B) The performance indicators for the Legislature to use in determining if the exclusion achieves the stated goal, purpose, and objective shall be the number of qualified taxpayers that excluded qualified amounts from gross income, and the aggregate amount of settlement payments arising out of the 2021 Dixie Fire, the 2022 Mill Fire, or the 2024 Park Fire.(2) (A) On December 1, 2027, the Franchise Tax Board shall deliver to the Legislature a written report that includes both of the following: (i) To the extent feasible, the number of qualified taxpayers that excluded qualified amounts from gross income, as a result of the exclusion. (ii) The aggregate amount of those settlement payments arising out of the 2021 Dixie Fire, the 2022 Mill Fire, or the 2024 Park Fire. (B) The report required by this paragraph shall be delivered to the Legislature in compliance with Section 9795 of the Government Code. (C) The disclosure provisions of this subdivision shall be treated as an exception to Section 19542. (e) This section shall remain in effect only until December 1, 2027, and as of that date is repealed.
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5454 SECTION 1. Section 17139.4 is added to the Revenue and Taxation Code, to read:
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5656 ### SECTION 1.
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5858 17139.4. (a) For taxable years beginning on or after January 1, 2022, and before January 1, 2027, gross income does not include any qualified amount received by a qualified taxpayer.(b) For purposes of this section:(1) Qualified amount means any amount received in settlement by a qualified taxpayer from a settlement entity in connection with any of the following:(A) The 2021 Dixie Fire.(B) The 2022 Mill Fire.(C) The 2024 Park Fire.(2) Qualified taxpayer means any of the following:(A) In relation to the 2021 Dixie Fire, the following: (i) Any taxpayer that owned real property located in the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.(ii) Any taxpayer that resided within the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.(iii) Any taxpayer that had a place of business within the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.(B) In relation to the 2022 Mill Fire, the following:(i) Any taxpayer that owned real property located in the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.(ii) Any taxpayer that resided within the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.(iii) Any taxpayer that had a place of business within the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.(C) In relation to the 2024 Park Fire, the following:(i) Any taxpayer that owned real property located in the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.(ii) Any taxpayer that resided within the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.(iii) Any taxpayer that had a place of business within the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.(3) Settlement entity means the following:(A) In relation to the 2021 Dixie Fire, Pacific Gas and Electric Company or its subsidiary making the settlement payment to a qualified taxpayer.(B) In relation to the 2022 Mill Fire, Roseburg Forest Products or its subsidiary or agent making the settlement payment to a qualified taxpayer. (C) In relation to the 2024 Park Fire, an entity, approved by a class action settlement administrator, making a settlement payment related to the 2024 Park Fire to a qualified taxpayer.(c) The settlement entity shall provide, upon request by the Franchise Tax Board, documentation of the settlement payments in the form and manner requested by the Franchise Tax Board.(d) (1) For the purpose of complying with Section 41 in regards to the exclusion provided by this section and Section 24309.8, the Legislature finds and declares as follows:(A) The specific goal, purpose, and objective of the tax exclusion is to provide essential relief to individuals who have suffered injury, loss, inconvenience, and expenses resulting from the devastating 2021 Dixie Fire, 2022 Mill Fire, and 2024 Park Fire. (B) The performance indicators for the Legislature to use in determining if the exclusion achieves the stated goal, purpose, and objective shall be the number of qualified taxpayers that excluded qualified amounts from gross income, and the aggregate amount of settlement payments arising out of the 2021 Dixie Fire, the 2022 Mill Fire, or the 2024 Park Fire.(2) (A) On December 1, 2027, the Franchise Tax Board shall deliver to the Legislature a written report that includes both of the following: (i) To the extent feasible, the number of qualified taxpayers that excluded qualified amounts from gross income, as a result of the exclusion. (ii) The aggregate amount of those settlement payments arising out of the 2021 Dixie Fire, the 2022 Mill Fire, or the 2024 Park Fire. (B) The report required by this paragraph shall be delivered to the Legislature in compliance with Section 9795 of the Government Code. (C) The disclosure provisions of this subdivision shall be treated as an exception to Section 19542. (e) This section shall remain in effect only until December 1, 2027, and as of that date is repealed.
5959
6060 17139.4. (a) For taxable years beginning on or after January 1, 2022, and before January 1, 2027, gross income does not include any qualified amount received by a qualified taxpayer.(b) For purposes of this section:(1) Qualified amount means any amount received in settlement by a qualified taxpayer from a settlement entity in connection with any of the following:(A) The 2021 Dixie Fire.(B) The 2022 Mill Fire.(C) The 2024 Park Fire.(2) Qualified taxpayer means any of the following:(A) In relation to the 2021 Dixie Fire, the following: (i) Any taxpayer that owned real property located in the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.(ii) Any taxpayer that resided within the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.(iii) Any taxpayer that had a place of business within the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.(B) In relation to the 2022 Mill Fire, the following:(i) Any taxpayer that owned real property located in the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.(ii) Any taxpayer that resided within the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.(iii) Any taxpayer that had a place of business within the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.(C) In relation to the 2024 Park Fire, the following:(i) Any taxpayer that owned real property located in the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.(ii) Any taxpayer that resided within the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.(iii) Any taxpayer that had a place of business within the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.(3) Settlement entity means the following:(A) In relation to the 2021 Dixie Fire, Pacific Gas and Electric Company or its subsidiary making the settlement payment to a qualified taxpayer.(B) In relation to the 2022 Mill Fire, Roseburg Forest Products or its subsidiary or agent making the settlement payment to a qualified taxpayer. (C) In relation to the 2024 Park Fire, an entity, approved by a class action settlement administrator, making a settlement payment related to the 2024 Park Fire to a qualified taxpayer.(c) The settlement entity shall provide, upon request by the Franchise Tax Board, documentation of the settlement payments in the form and manner requested by the Franchise Tax Board.(d) (1) For the purpose of complying with Section 41 in regards to the exclusion provided by this section and Section 24309.8, the Legislature finds and declares as follows:(A) The specific goal, purpose, and objective of the tax exclusion is to provide essential relief to individuals who have suffered injury, loss, inconvenience, and expenses resulting from the devastating 2021 Dixie Fire, 2022 Mill Fire, and 2024 Park Fire. (B) The performance indicators for the Legislature to use in determining if the exclusion achieves the stated goal, purpose, and objective shall be the number of qualified taxpayers that excluded qualified amounts from gross income, and the aggregate amount of settlement payments arising out of the 2021 Dixie Fire, the 2022 Mill Fire, or the 2024 Park Fire.(2) (A) On December 1, 2027, the Franchise Tax Board shall deliver to the Legislature a written report that includes both of the following: (i) To the extent feasible, the number of qualified taxpayers that excluded qualified amounts from gross income, as a result of the exclusion. (ii) The aggregate amount of those settlement payments arising out of the 2021 Dixie Fire, the 2022 Mill Fire, or the 2024 Park Fire. (B) The report required by this paragraph shall be delivered to the Legislature in compliance with Section 9795 of the Government Code. (C) The disclosure provisions of this subdivision shall be treated as an exception to Section 19542. (e) This section shall remain in effect only until December 1, 2027, and as of that date is repealed.
6161
6262 17139.4. (a) For taxable years beginning on or after January 1, 2022, and before January 1, 2027, gross income does not include any qualified amount received by a qualified taxpayer.(b) For purposes of this section:(1) Qualified amount means any amount received in settlement by a qualified taxpayer from a settlement entity in connection with any of the following:(A) The 2021 Dixie Fire.(B) The 2022 Mill Fire.(C) The 2024 Park Fire.(2) Qualified taxpayer means any of the following:(A) In relation to the 2021 Dixie Fire, the following: (i) Any taxpayer that owned real property located in the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.(ii) Any taxpayer that resided within the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.(iii) Any taxpayer that had a place of business within the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.(B) In relation to the 2022 Mill Fire, the following:(i) Any taxpayer that owned real property located in the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.(ii) Any taxpayer that resided within the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.(iii) Any taxpayer that had a place of business within the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.(C) In relation to the 2024 Park Fire, the following:(i) Any taxpayer that owned real property located in the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.(ii) Any taxpayer that resided within the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.(iii) Any taxpayer that had a place of business within the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.(3) Settlement entity means the following:(A) In relation to the 2021 Dixie Fire, Pacific Gas and Electric Company or its subsidiary making the settlement payment to a qualified taxpayer.(B) In relation to the 2022 Mill Fire, Roseburg Forest Products or its subsidiary or agent making the settlement payment to a qualified taxpayer. (C) In relation to the 2024 Park Fire, an entity, approved by a class action settlement administrator, making a settlement payment related to the 2024 Park Fire to a qualified taxpayer.(c) The settlement entity shall provide, upon request by the Franchise Tax Board, documentation of the settlement payments in the form and manner requested by the Franchise Tax Board.(d) (1) For the purpose of complying with Section 41 in regards to the exclusion provided by this section and Section 24309.8, the Legislature finds and declares as follows:(A) The specific goal, purpose, and objective of the tax exclusion is to provide essential relief to individuals who have suffered injury, loss, inconvenience, and expenses resulting from the devastating 2021 Dixie Fire, 2022 Mill Fire, and 2024 Park Fire. (B) The performance indicators for the Legislature to use in determining if the exclusion achieves the stated goal, purpose, and objective shall be the number of qualified taxpayers that excluded qualified amounts from gross income, and the aggregate amount of settlement payments arising out of the 2021 Dixie Fire, the 2022 Mill Fire, or the 2024 Park Fire.(2) (A) On December 1, 2027, the Franchise Tax Board shall deliver to the Legislature a written report that includes both of the following: (i) To the extent feasible, the number of qualified taxpayers that excluded qualified amounts from gross income, as a result of the exclusion. (ii) The aggregate amount of those settlement payments arising out of the 2021 Dixie Fire, the 2022 Mill Fire, or the 2024 Park Fire. (B) The report required by this paragraph shall be delivered to the Legislature in compliance with Section 9795 of the Government Code. (C) The disclosure provisions of this subdivision shall be treated as an exception to Section 19542. (e) This section shall remain in effect only until December 1, 2027, and as of that date is repealed.
6363
6464
6565
6666 17139.4. (a) For taxable years beginning on or after January 1, 2022, and before January 1, 2027, gross income does not include any qualified amount received by a qualified taxpayer.
6767
6868 (b) For purposes of this section:
6969
7070 (1) Qualified amount means any amount received in settlement by a qualified taxpayer from a settlement entity in connection with any of the following:
7171
7272 (A) The 2021 Dixie Fire.
7373
7474 (B) The 2022 Mill Fire.
7575
7676 (C) The 2024 Park Fire.
7777
7878 (2) Qualified taxpayer means any of the following:
7979
8080 (A) In relation to the 2021 Dixie Fire, the following:
8181
8282 (i) Any taxpayer that owned real property located in the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.
8383
8484 (ii) Any taxpayer that resided within the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.
8585
8686 (iii) Any taxpayer that had a place of business within the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.
8787
8888 (B) In relation to the 2022 Mill Fire, the following:
8989
9090 (i) Any taxpayer that owned real property located in the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.
9191
9292 (ii) Any taxpayer that resided within the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.
9393
9494 (iii) Any taxpayer that had a place of business within the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.
9595
9696 (C) In relation to the 2024 Park Fire, the following:
9797
9898 (i) Any taxpayer that owned real property located in the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.
9999
100100 (ii) Any taxpayer that resided within the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.
101101
102102 (iii) Any taxpayer that had a place of business within the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.
103103
104104 (3) Settlement entity means the following:
105105
106106 (A) In relation to the 2021 Dixie Fire, Pacific Gas and Electric Company or its subsidiary making the settlement payment to a qualified taxpayer.
107107
108108 (B) In relation to the 2022 Mill Fire, Roseburg Forest Products or its subsidiary or agent making the settlement payment to a qualified taxpayer.
109109
110110 (C) In relation to the 2024 Park Fire, an entity, approved by a class action settlement administrator, making a settlement payment related to the 2024 Park Fire to a qualified taxpayer.
111111
112112 (c) The settlement entity shall provide, upon request by the Franchise Tax Board, documentation of the settlement payments in the form and manner requested by the Franchise Tax Board.
113113
114114 (d) (1) For the purpose of complying with Section 41 in regards to the exclusion provided by this section and Section 24309.8, the Legislature finds and declares as follows:
115115
116116 (A) The specific goal, purpose, and objective of the tax exclusion is to provide essential relief to individuals who have suffered injury, loss, inconvenience, and expenses resulting from the devastating 2021 Dixie Fire, 2022 Mill Fire, and 2024 Park Fire.
117117
118118 (B) The performance indicators for the Legislature to use in determining if the exclusion achieves the stated goal, purpose, and objective shall be the number of qualified taxpayers that excluded qualified amounts from gross income, and the aggregate amount of settlement payments arising out of the 2021 Dixie Fire, the 2022 Mill Fire, or the 2024 Park Fire.
119119
120120 (2) (A) On December 1, 2027, the Franchise Tax Board shall deliver to the Legislature a written report that includes both of the following:
121121
122122 (i) To the extent feasible, the number of qualified taxpayers that excluded qualified amounts from gross income, as a result of the exclusion.
123123
124124 (ii) The aggregate amount of those settlement payments arising out of the 2021 Dixie Fire, the 2022 Mill Fire, or the 2024 Park Fire.
125125
126126 (B) The report required by this paragraph shall be delivered to the Legislature in compliance with Section 9795 of the Government Code.
127127
128128 (C) The disclosure provisions of this subdivision shall be treated as an exception to Section 19542.
129129
130130 (e) This section shall remain in effect only until December 1, 2027, and as of that date is repealed.
131131
132132 SEC. 2. Section 24309.8 is added to the Revenue and Taxation Code, to read:24309.8. (a) For taxable years beginning on or after January 1, 2022, and before January 1, 2027, gross income does not include any qualified amount received by a qualified taxpayer.(b) For purposes of this section:(1) Qualified amount means any amount received in settlement by a qualified taxpayer from a settlement entity in connection with any of the following:(A) The 2021 Dixie Fire.(B) The 2022 Mill Fire.(C) The 2024 Park Fire.(2) Qualified taxpayer means any of the following:(A) In relation to the 2021 Dixie Fire, the following: (i) Any taxpayer that owned real property located in the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.(ii) Any taxpayer that had a place of business within the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.(B) In relation to the 2022 Mill Fire, the following:(i) Any taxpayer that owned real property located in the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.(ii) Any taxpayer that had a place of business within the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.(C) In relation to the 2024 Park Fire, the following:(i) Any taxpayer that owned real property located in the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.(ii) Any taxpayer that had a place of business within the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.(3) Settlement entity means the following:(A) In relation to the 2021 Dixie Fire, Pacific Gas and Electric Company or its subsidiary making the settlement payment to a qualified taxpayer.(B) In relation to the 2022 Mill Fire, Roseburg Forest Products or its subsidiary or agent making the settlement payment to a qualified taxpayer.(C) In relation to the 2024 Park Fire, _____ (entity) or its subsidiary or agent making the settlement payment to a qualified taxpayer.(c) The settlement entity shall provide, upon request by the Franchise Tax Board, documentation of the settlement payments in the form and manner requested by the Franchise Tax Board.(d) This section shall remain in effect only until December 1, 2027, and as of that date is repealed.
133133
134134 SEC. 2. Section 24309.8 is added to the Revenue and Taxation Code, to read:
135135
136136 ### SEC. 2.
137137
138138 24309.8. (a) For taxable years beginning on or after January 1, 2022, and before January 1, 2027, gross income does not include any qualified amount received by a qualified taxpayer.(b) For purposes of this section:(1) Qualified amount means any amount received in settlement by a qualified taxpayer from a settlement entity in connection with any of the following:(A) The 2021 Dixie Fire.(B) The 2022 Mill Fire.(C) The 2024 Park Fire.(2) Qualified taxpayer means any of the following:(A) In relation to the 2021 Dixie Fire, the following: (i) Any taxpayer that owned real property located in the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.(ii) Any taxpayer that had a place of business within the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.(B) In relation to the 2022 Mill Fire, the following:(i) Any taxpayer that owned real property located in the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.(ii) Any taxpayer that had a place of business within the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.(C) In relation to the 2024 Park Fire, the following:(i) Any taxpayer that owned real property located in the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.(ii) Any taxpayer that had a place of business within the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.(3) Settlement entity means the following:(A) In relation to the 2021 Dixie Fire, Pacific Gas and Electric Company or its subsidiary making the settlement payment to a qualified taxpayer.(B) In relation to the 2022 Mill Fire, Roseburg Forest Products or its subsidiary or agent making the settlement payment to a qualified taxpayer.(C) In relation to the 2024 Park Fire, _____ (entity) or its subsidiary or agent making the settlement payment to a qualified taxpayer.(c) The settlement entity shall provide, upon request by the Franchise Tax Board, documentation of the settlement payments in the form and manner requested by the Franchise Tax Board.(d) This section shall remain in effect only until December 1, 2027, and as of that date is repealed.
139139
140140 24309.8. (a) For taxable years beginning on or after January 1, 2022, and before January 1, 2027, gross income does not include any qualified amount received by a qualified taxpayer.(b) For purposes of this section:(1) Qualified amount means any amount received in settlement by a qualified taxpayer from a settlement entity in connection with any of the following:(A) The 2021 Dixie Fire.(B) The 2022 Mill Fire.(C) The 2024 Park Fire.(2) Qualified taxpayer means any of the following:(A) In relation to the 2021 Dixie Fire, the following: (i) Any taxpayer that owned real property located in the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.(ii) Any taxpayer that had a place of business within the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.(B) In relation to the 2022 Mill Fire, the following:(i) Any taxpayer that owned real property located in the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.(ii) Any taxpayer that had a place of business within the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.(C) In relation to the 2024 Park Fire, the following:(i) Any taxpayer that owned real property located in the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.(ii) Any taxpayer that had a place of business within the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.(3) Settlement entity means the following:(A) In relation to the 2021 Dixie Fire, Pacific Gas and Electric Company or its subsidiary making the settlement payment to a qualified taxpayer.(B) In relation to the 2022 Mill Fire, Roseburg Forest Products or its subsidiary or agent making the settlement payment to a qualified taxpayer.(C) In relation to the 2024 Park Fire, _____ (entity) or its subsidiary or agent making the settlement payment to a qualified taxpayer.(c) The settlement entity shall provide, upon request by the Franchise Tax Board, documentation of the settlement payments in the form and manner requested by the Franchise Tax Board.(d) This section shall remain in effect only until December 1, 2027, and as of that date is repealed.
141141
142142 24309.8. (a) For taxable years beginning on or after January 1, 2022, and before January 1, 2027, gross income does not include any qualified amount received by a qualified taxpayer.(b) For purposes of this section:(1) Qualified amount means any amount received in settlement by a qualified taxpayer from a settlement entity in connection with any of the following:(A) The 2021 Dixie Fire.(B) The 2022 Mill Fire.(C) The 2024 Park Fire.(2) Qualified taxpayer means any of the following:(A) In relation to the 2021 Dixie Fire, the following: (i) Any taxpayer that owned real property located in the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.(ii) Any taxpayer that had a place of business within the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.(B) In relation to the 2022 Mill Fire, the following:(i) Any taxpayer that owned real property located in the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.(ii) Any taxpayer that had a place of business within the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.(C) In relation to the 2024 Park Fire, the following:(i) Any taxpayer that owned real property located in the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.(ii) Any taxpayer that had a place of business within the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.(3) Settlement entity means the following:(A) In relation to the 2021 Dixie Fire, Pacific Gas and Electric Company or its subsidiary making the settlement payment to a qualified taxpayer.(B) In relation to the 2022 Mill Fire, Roseburg Forest Products or its subsidiary or agent making the settlement payment to a qualified taxpayer.(C) In relation to the 2024 Park Fire, _____ (entity) or its subsidiary or agent making the settlement payment to a qualified taxpayer.(c) The settlement entity shall provide, upon request by the Franchise Tax Board, documentation of the settlement payments in the form and manner requested by the Franchise Tax Board.(d) This section shall remain in effect only until December 1, 2027, and as of that date is repealed.
143143
144144
145145
146146 24309.8. (a) For taxable years beginning on or after January 1, 2022, and before January 1, 2027, gross income does not include any qualified amount received by a qualified taxpayer.
147147
148148 (b) For purposes of this section:
149149
150150 (1) Qualified amount means any amount received in settlement by a qualified taxpayer from a settlement entity in connection with any of the following:
151151
152152 (A) The 2021 Dixie Fire.
153153
154154 (B) The 2022 Mill Fire.
155155
156156 (C) The 2024 Park Fire.
157157
158158 (2) Qualified taxpayer means any of the following:
159159
160160 (A) In relation to the 2021 Dixie Fire, the following:
161161
162162 (i) Any taxpayer that owned real property located in the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.
163163
164164 (ii) Any taxpayer that had a place of business within the County of Butte, Plumas, Lassen, Shasta, or Tehama during the 2021 Dixie Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2021 Dixie Fire.
165165
166166 (B) In relation to the 2022 Mill Fire, the following:
167167
168168 (i) Any taxpayer that owned real property located in the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.
169169
170170 (ii) Any taxpayer that had a place of business within the County of Siskiyou during the 2022 Mill Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2022 Mill Fire.
171171
172172 (C) In relation to the 2024 Park Fire, the following:
173173
174174 (i) Any taxpayer that owned real property located in the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.
175175
176176 (ii) Any taxpayer that had a place of business within the County of Butte or Tehama during the 2024 Park Fire that paid or incurred expenses and received amounts from a settlement arising out of or pursuant to the 2024 Park Fire.
177177
178178 (3) Settlement entity means the following:
179179
180180 (A) In relation to the 2021 Dixie Fire, Pacific Gas and Electric Company or its subsidiary making the settlement payment to a qualified taxpayer.
181181
182182 (B) In relation to the 2022 Mill Fire, Roseburg Forest Products or its subsidiary or agent making the settlement payment to a qualified taxpayer.
183183
184184 (C) In relation to the 2024 Park Fire, _____ (entity) or its subsidiary or agent making the settlement payment to a qualified taxpayer.
185185
186186 (c) The settlement entity shall provide, upon request by the Franchise Tax Board, documentation of the settlement payments in the form and manner requested by the Franchise Tax Board.
187187
188188 (d) This section shall remain in effect only until December 1, 2027, and as of that date is repealed.
189189
190190 SEC. 3. The Legislature finds and declares that Sections 17139.4 and 24309.8 of the Revenue and Taxation Code, as added by this act, are necessary for the public purpose of preventing undue hardship to taxpayers who reside, or used to reside, in a part of California devastated by fire, and do not constitute a gift of public funds within the meaning of Section 6 of Article XVI of the California Constitution.
191191
192192 SEC. 3. The Legislature finds and declares that Sections 17139.4 and 24309.8 of the Revenue and Taxation Code, as added by this act, are necessary for the public purpose of preventing undue hardship to taxpayers who reside, or used to reside, in a part of California devastated by fire, and do not constitute a gift of public funds within the meaning of Section 6 of Article XVI of the California Constitution.
193193
194194 SEC. 3. The Legislature finds and declares that Sections 17139.4 and 24309.8 of the Revenue and Taxation Code, as added by this act, are necessary for the public purpose of preventing undue hardship to taxpayers who reside, or used to reside, in a part of California devastated by fire, and do not constitute a gift of public funds within the meaning of Section 6 of Article XVI of the California Constitution.
195195
196196 ### SEC. 3.
197197
198198 SEC. 4. This act is an urgency statute necessary for the immediate preservation of the public peace, health, or safety within the meaning of Article IV of the California Constitution and shall go into immediate effect. The facts constituting the necessity are:In order to provide essential relief to those persons who have suffered injury, loss, inconvenience, and expenses resulting from the devastating 2021 Dixie Fire, 2022 Mill Fire, and the 2024 Park Fire, as soon as possible, it is necessary that this act take effect immediately.
199199
200200 SEC. 4. This act is an urgency statute necessary for the immediate preservation of the public peace, health, or safety within the meaning of Article IV of the California Constitution and shall go into immediate effect. The facts constituting the necessity are:In order to provide essential relief to those persons who have suffered injury, loss, inconvenience, and expenses resulting from the devastating 2021 Dixie Fire, 2022 Mill Fire, and the 2024 Park Fire, as soon as possible, it is necessary that this act take effect immediately.
201201
202202 SEC. 4. This act is an urgency statute necessary for the immediate preservation of the public peace, health, or safety within the meaning of Article IV of the California Constitution and shall go into immediate effect. The facts constituting the necessity are:
203203
204204 ### SEC. 4.
205205
206206 In order to provide essential relief to those persons who have suffered injury, loss, inconvenience, and expenses resulting from the devastating 2021 Dixie Fire, 2022 Mill Fire, and the 2024 Park Fire, as soon as possible, it is necessary that this act take effect immediately.