Politics.AIAssembly BillPassed first houseRevenue and Taxation
AB 429: Personal Income Tax Law: Corporation Tax Law: exclusions: wildfires.
What AB 429 does, verified December 7, 2025
The bill provides an exclusion from gross income for certain taxpayers who received settlement funds related to wildfires in specific California counties. For taxable years beginning in 2022 and 2027, this exclusion would apply to amounts received in settlement for costs and losses associated with the 2021 Dixie fire in counties of Butte, Plumas, Lassen, Shasta, and Tehama, or the 2022 Mill fire in Siskiyou County. The bill aims to achieve specific goals and objectives by providing this tax relief, and it includes additional information requirements for new tax expenditures. The bill declares that it is an urgency statute and takes effect immediately.
Bill journey
✓IntroducedComplete
✓In CommitteeComplete
✓First Chamber FloorComplete
4Second ChamberCurrent
5GovernorPending
6ChapteredPending
Last action: Referred to Com. on REV. & TAX. (2025-05-21)Alert me
Author and sponsors
Full contact details, staff, and committees with Connect, $15/moUnlockRecent actions17 total · showing 5
| Jun. 18, 2025 | Referred to Com. on REV. & TAX. |
| Jun. 05, 2025 | In Senate. Read first time. To Com. on RLS. for assignment. |
| Jun. 04, 2025 | Read third time. Urgency clause adopted. Passed. Ordered to the Senate. (Ayes 77. Noes 0. Page 2082.). |
| Jun. 04, 2025 | Read third time. Urgency clause adopted. Passed. Ordered to the Senate. (Ayes 77. Noes 0.). |
| May. 27, 2025 | Read second time. Ordered to third reading. |