Politics.AIAssembly BillFailedRevenue and Taxation
AB 702: Personal income tax: exclusions: interest income: theft.
What AB 702 does, verified February 3, 2026
This bill provides an exclusion from gross income for interest income generated by a taxpayer during a taxable year, if the interest is stolen, sold, or otherwise transferred without the taxpayer's consent. The exclusion would apply to taxable years beginning on or after January 1, 2026. The bill takes effect immediately as a tax levy.
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. 21, 2025 | In committee: Set, first hearing. Hearing canceled at the request of author. |
| Mar. 24, 2025 | In committee: Hearing postponed by committee. |
| Mar. 03, 2025 | Referred to Com. on REV. & TAX. |