Assembly BillIntroducedRevenue and Taxation
AB 2377: Personal Income Tax Law and Corporation Tax Law: deductions: accelerated depreciation for new manufacturing operations.
What AB 2377 does, verified April 29, 2026
This bill provides a tax deduction for accelerated depreciation of qualified property put into service by a taxpayer in the state. To be eligible, the property must have an adjusted basis of at least $1,000,000 and be primarily used in the state for at least 3 years. The deduction is 50% or 100% of the adjusted basis, as applicable. The bill also requires a certification under penalty of perjury that the property will be used in the state for at least 3 years. This bill takes effect immediately as a tax levy.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: In committee: Set, second hearing. Held under submission. (2026-04-27)Alert me
Author and sponsors
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| Apr. 27, 2026 | In committee: Set, second hearing. Held under submission. |
| Apr. 13, 2026 | In committee: Set, first hearing. Referred to REV. & TAX. suspense file. |
| Apr. 06, 2026 | Re-referred to Com. on REV. & TAX. |
| Mar. 26, 2026 | From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended. |
| Mar. 23, 2026 | Re-referred to Com. on REV. & TAX. |