Assembly BillIntroducedRevenue and Taxation
AB 2205: Personal Income Tax Law: Corporation Tax Law: New Employment Credit.
What AB 2205 does, verified June 8, 2026
The bill extends the tax credits for hiring qualified full-time employees in designated census tracts or economic development areas. These credits allow businesses to claim a credit of up to 35% of qualified wages paid to those employees. The credits are currently set to expire on December 1, 2029, but the bill would extend this date to December 1, 2034. The bill also requires additional information for any new tax expenditure, including specific goals and performance indicators. The tax credits and changes would take effect immediately as a tax levy.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: In committee: Held under submission. (2026-05-14)Alert me
Author and sponsors
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| May. 14, 2026 | In committee: Held under submission. |
| May. 14, 2026 | Joint Rule 62(a), file notice suspended. (Page 5030.) |
| May. 13, 2026 | In committee: Set, first hearing. Referred to APPR. suspense file. |
| Apr. 28, 2026 | From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (April 27). Re-referred to Com. on APPR. |
| Apr. 13, 2026 | In committee: Set, second hearing. Referred to REV. & TAX. suspense file. |