Assembly BillFailedRevenue and Taxation
AB 755: Income tax: exclusion: disasters.
What AB 755 does, verified February 3, 2026
The bill provides an exclusion from gross income for amounts received by a qualified taxpayer due to a disaster. The exclusion applies to taxable years beginning in 2025 and ending in 2035, and is limited to $300,000 per year. The exclusion is available for taxpayers whose real property, residence, or business burned or became uninhabitable due to a disaster during the taxable year. The bill also requires additional information for new tax expenditures, including specific goals and performance indicators.
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. |
| Mar. 24, 2025 | In committee: Set, first hearing. Hearing canceled at the request of author. |
| Mar. 03, 2025 | Referred to Com. on REV. & TAX. |
| Feb. 19, 2025 | From printer. May be heard in committee March 21. |