Statute · California Revenue and Taxation Code
Cal. Rev. & Tax. Code § 24308.5 — Exclusions
Cal. Rev. & Tax. Code § 24308.5
- Type
- Statute
- Source
- California Revenue and Taxation Code
- Jurisdiction
- California
- Date
- 2022-02-09
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) For taxable years beginning on or after January 1, 2021, and before January 1, 2026, gross income does not include a bill credit or credits received by a customer from a utility applicant pursuant to the California Arrearage Payment Program Under the American Rescue Plan Act of 2021 (Article…
Citator
Cal. Rev. & Tax. Code § 24308.5 — Exclusions is in force in the current edition of the Code, and nothing recorded condemns it.
(a) For taxable years beginning on or after January 1, 2021, and before January 1, 2026, gross income does not include a bill credit or credits received by a customer from a utility applicant pursuant to the California Arrearage Payment Program Under the American Rescue Plan Act of 2021 (Article 12 (commencing with Section 16429.5) of Chapter 2 of Part 2 of Division 4 of Title 2 of the Government Code).
(b) This section shall remain in effect only until December 1, 2026, and as of that date is repealed.