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The Personal Income Tax Law, in modified conformity with federal income tax law, imposes taxes on taxable income, as provided. This bill, for taxable years beginning on or after January 1, 2025, and before January 1, 2030, would revise the income tax rates and taxable income brackets by imposing an income tax rate of 1%, 3%, 5%, or 7%, instead of 2%, 4%, 6%, or 8%, as applicable, on specified taxable income. This bill would take effect immediately as a tax levy.
Introduced
Feb 21, 2025
Last Action
Jun 5, 2025
Session
CA 20252026
Sponsors
1 primary · 0 co
From committee: Without further action pursuant to Joint Rule 62(a).
In committee: Held under submission.
In committee: Set, final hearing. Referred to suspense file.
Re-referred to Com. on REV. & TAX.
In committee: Set, second hearing. Hearing canceled at the request of author.
From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
In committee: Set, first hearing. Hearing canceled at the request of author.
Referred to Com. on REV. & TAX.
Read first time.
From printer. May be heard in committee March 24.
Introduced. To print.
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
From committee: Without further action pursuant to Joint Rule 62(a).