Politics.AIAssembly BillFailedRevenue and Taxation
AB 1354: Personal Income Tax Law: credits: insurance.
What AB 1354 does, verified December 7, 2025
This bill allows a tax credit to qualified taxpayers for the amount paid during the taxable year for premium payments made for residential property insurance, minus the base year premium. The tax credit would be available for taxable years beginning on or after January 1, 2026, and before January 1, 2031. The tax credit would be equal to the difference between the total premium payments and the base year premium. The bill aims to achieve specific goals and objectives by including detailed performance indicators and data collection requirements.
Bill journey
✓IntroducedComplete
2In CommitteeCurrent
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: From committee: Without further action pursuant to Joint Rule 62(a). (2025-06-05)Alert me
Author and sponsors
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| Jun. 05, 2025 | From committee: Without further action pursuant to Joint Rule 62(a). |
| May. 05, 2025 | In committee: Set, final hearing. Held under submission. |
| Apr. 29, 2025 | Re-referred to Com. on REV. & TAX. |
| Apr. 28, 2025 | From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended. |
| Apr. 21, 2025 | In committee: Set, second hearing. Referred to suspense file. |