AB 2673: Personal Income Tax Law: Corporation Tax Law: credit: childcare.

Official summary

Legislative Counsel’s Digest (official, as of the latest version). Written by nonpartisan legislative staff; reproduced verbatim.

The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws.

This bill would allow a credit against those taxes for each taxable year beginning on or after January 1, 2027, and before January 1, 2032, in an amount equal to 50% of qualified contributions to promote childcare, up to $100,000, as specified.

Existing law requires any bill authorizing a new tax expenditure, as defined, to include tax credits, to contain, among other things, specific goals, purposes, and objectives that the tax credit will achieve, detailed performance indicators, and data collection requirements.

This bill would include findings and reporting requirements in compliance with this requirement.

This bill would take effect immediately as a tax levy.

Sponsors

Sponsors by party (alphabetical): Democratic 1

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. April 27, 2026In committee: Set, second hearing. Held under submission.
2. April 20, 2026In committee: Set, first hearing. Referred to REV. & TAX. suspense file.
3. March 16, 2026Referred to Com. on REV. & TAX.
4. February 21, 2026From printer. May be heard in committee March 23.
5. February 20, 2026Read first time. To print.