Politics.AISenate BillChaptered/SignedRevenue and Taxation
SB 376: Incomplete gift nongrantor trusts: Personal Income Tax Law.
What SB 376 does, verified December 7, 2025
This bill aims to amend the existing tax law to clarify the treatment of certain trusts. Currently, the tax law includes the income of an incomplete gift nongrantor trust in the grantor's taxable income. The bill would exclude the income of a charitable remainder trust from this treatment, ensuring that it is not subject to this provision. This change is intended to be declaratory of existing law, rather than a modification, and would help to prevent confusion in tax calculations.
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Last action: Chaptered by Secretary of State. Chapter 410, Statutes of 2025. (2025-10-06)Alert me
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| Oct. 06, 2025 | Chaptered by Secretary of State. Chapter 410, Statutes of 2025. |
| Oct. 06, 2025 | Approved by the Governor. |
| Sep. 22, 2025 | Enrolled and presented to the Governor at 2 p.m. |
| Sep. 11, 2025 | Assembly amendments concurred in. (Ayes 40. Noes 0. Page 2882.) Ordered to engrossing and enrolling. |
| Sep. 10, 2025 | Read third time. Passed. (Ayes 79. Noes 0. Page 3170.) Ordered to the Senate. |