Politics.AIAssembly BillPassed first houseRevenue and Taxation
AB 97: Personal Income Tax Law: Corporation Tax Law: Bobcat Fire: exclusions.
What AB 97 does, verified December 7, 2025
The bill provides an exclusion from gross income for qualified taxpayers who received settlement amounts for costs and losses associated with the 2020 Bobcat Fire in Los Angeles County. This exclusion applies to taxable years starting from 2024 and ending before 2029. The bill also includes additional information and requirements for new tax expenditures, as well as findings and declarations related to a gift of public funds. The bill takes effect immediately as an urgency statute.
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 actions16 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 72. Noes 0. Page 2076.). |
| Jun. 04, 2025 | Read third time. Urgency clause adopted. Passed. Ordered to the Senate. (Ayes 72. Noes 0.). |
| May. 27, 2025 | Read second time. Ordered to third reading. |