Senate BillIntroducedRevenue and Taxation
SB 1120: Personal Income Tax Law: Corporation Tax Law: credits: CalCompetes.
What SB 1120 does, verified May 18, 2026
<p>The bill amends sections of California's revenue and taxation code to extend the California Competes Tax Credit through taxable years beginning before January 1, 2035. It also allows taxpayers in strategic industries to elect a refundable tax credit from either the tax relief and refund account or the corporation tax fund for taxable years starting on or after January 1, 2026.</p>
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: May 14 hearing: Held in committee and under submission. (2026-05-14)Alert me
Author and sponsors
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| May. 14, 2026 | May 14 hearing: Held in committee and under submission. |
| May. 08, 2026 | Set for hearing May 14. |
| Apr. 27, 2026 | April 27 hearing: Placed on APPR. suspense file. |
| Apr. 17, 2026 | Set for hearing April 27. |
| Apr. 13, 2026 | Read second time and amended. Re-referred to Com. on APPR. |