Assembly BillFailedRevenue and Taxation
AB 1428: California Affordable Childcare Act: Personal Income Tax and Corporation Tax.
What AB 1428 does, verified February 3, 2026
This bill would impose a tax on income exceeding $10,000,000 for taxable years starting January 1, 2026, and ending December 31, 2030. The tax rate would be 0.5% of the amount in excess of $10,000,000. The revenue generated would be deposited into the California Affordable Childcare Fund. The fund would be used to establish a grant program for licensed child care facilities. The bill would require approval from 2/3 of the legislature to pass due to the change in state statute that would result in a higher tax.
Bill journey
✓IntroducedComplete
2In CommitteeCurrent
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: From committee: Filed with the Chief Clerk pursuant to Joint Rule 56. (2026-02-02)Alert me
Author and sponsors
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| Feb. 02, 2026 | From committee: Filed with the Chief Clerk pursuant to Joint Rule 56. |
| Jan. 31, 2026 | Died pursuant to Art. IV, Sec. 10(c) of the Constitution. |
| Apr. 28, 2025 | In committee: Set, second hearing. Hearing canceled at the request of author. |
| Apr. 21, 2025 | In committee: Set, first hearing. Referred to suspense file. |
| Apr. 10, 2025 | Re-referred to Com. on REV. & TAX. |