Senate BillIntroducedRevenue and Taxation
SB 1287: Personal Income Tax Law: Corporation Tax Law: credits: shortline railroad expenditures and railroad infrastructure.
What SB 1287 does, verified June 1, 2026
This bill allows for credits against the personal income tax and corporation tax for qualified shortline railroad expenditures and new rail infrastructure expenditures. These credits can be claimed for each taxable year starting on January 1, 2026, and are equal to 50% of the qualified expenditures. The bill requires additional information to be included in any new tax expenditure bill, and it takes effect immediately as a tax levy. This law aims to promote the modernization of shortline railroads and their infrastructure in California.
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. |
| May. 04, 2026 | May 4 hearing: Placed on APPR. suspense file. |
| Apr. 24, 2026 | Set for hearing May 4. |
| Apr. 22, 2026 | From committee: Do pass and re-refer to Com. on APPR. (Ayes 12. Noes 0. Page 3985.) (April 21). Re-referred to Com. on APPR. |