Bill Text: CA AB2979 | 2023-2024 | Regular Session | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Income taxation: exclusion: victim compensation.
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: (Engrossed) 2024-05-29 - Referred to Com. on REV. & TAX. [AB2979 Detail]
Download: California-2023-AB2979-Introduced.html
Bill Title: Income taxation: exclusion: victim compensation.
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: (Engrossed) 2024-05-29 - Referred to Com. on REV. & TAX. [AB2979 Detail]
Download: California-2023-AB2979-Introduced.html
CALIFORNIA LEGISLATURE—
2023–2024 REGULAR SESSION
Assembly Bill
No. 2979
| Introduced by Assembly Member Mike Fong (Coauthors: Assembly Members Berman, Sanchez, and Ting) |
February 16, 2024 |
An act relating to taxation.
LEGISLATIVE COUNSEL'S DIGEST
AB 2979, as introduced, Mike Fong.
Income taxation: exclusion: victim compensation.
The Personal Income Tax Law, in modified conformity with federal law, generally defines “gross income” as income from whatever source derived, except as specifically excluded, and provides various exclusions from gross income for purposes of computing tax liability.
Existing law generally provides for the reimbursement of victims and derivative victims of specified types of crimes by the California Victim Compensation Board from the Restitution Fund, a continuously appropriated fund, for specified losses suffered as a result of those crimes.
This bill would state the intent of the Legislature to enact subsequent legislation relating to the exclusion of compensation received from the California Victim Compensation Board from the definition of gross income for the purpose of taxation.
