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The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws. This bill, for taxable years beginning on or after January 1, 2026, and before January 1, 2031, would allow a credit against those taxes to qualified taxpayers, defined to mean certain fast food restaurant franchisees or independent operators, in the amount of $12,000 per qualified fast food restaurant, as defined. Existing law requires any bill authorizing a new tax expenditure to contain, among other things, specific goals that the tax expenditure will achieve, detailed performance indicators, and data collection requirements. This bill also would include additional information required for any bill authorizing a new tax expenditure. This bill would take effect immediately as a tax levy.
Introduced
Feb 19, 2025
Last Action
Feb 2, 2026
Session
CA 20252026
Sponsors
1 primary · 0 co
From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
In committee: Set, second hearing. Held under submission.
In committee: Set, first hearing. Referred to REV. & TAX. suspense file.
Re-referred to Com. on REV. & TAX.
From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
Referred to Com. on REV. & TAX.
From printer. May be heard in committee March 22.
Read first time. To print.
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.