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California · 2025–26 Regular Session · Assembly Bill

AB 429: Personal Income Tax Law: Corporation Tax Law: exclusions: wildfires.

Passed one chamber Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

AB 429 is a assembly bill introduced in the California Assembly on February 5, 2025. According to its official title, it concerns: Personal Income Tax Law: Corporation Tax Law: exclusions: wildfires. Primary sponsor: Heather Hadwick (R). It lists 2 additional sponsors. Most recent recorded action (June 18, 2025): Referred to Com. on REV. & TAX.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

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, in conformity with federal income tax law, generally defines gross income as income from whatever source derived, except as specifically excluded, and provides various exclusions from gross income.

This bill, for taxable years beginning on or after January 1, 2022, and before January 1, 2027, would provide an exclusion from gross income for amounts received by a qualified taxpayer, as defined, in settlement for costs and losses associated with the 2021 Dixie Fire in the Counties of Butte, Plumas, Lassen, Shasta, and Tehama, or the 2022 Mill Fire in the County of Siskiyou, as provided.

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

This bill would include additional information required for any bill authorizing a new tax expenditure.

The bill would make legislative findings and declarations related to a gift of public funds.

This bill would declare that it is to take effect immediately as an urgency statute.

Sponsors

Sponsors by party (alphabetical): Republican 3

NameRolePartyChamberDistrict
Heather HadwickPrimary sponsorRepublicanAssembly1
Megan DahleCo-sponsorRepublicanSenate1
Tom LackeyCo-sponsorRepublicanAssembly34

“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. Referred to Com. on REV. & TAX.
  2. In Senate. Read first time. To Com. on RLS. for assignment.
  3. Read third time. Urgency clause adopted. Passed. Ordered to the Senate. (Ayes 77. Noes 0. Page 2082.).
  4. Read second time. Ordered to third reading.
  5. From committee: Do pass. (Ayes 14. Noes 0.) (May 23).
  6. Joint Rule 62(a), file notice suspended. (Page 1627.)
  7. In committee: Set, first hearing. Referred to APPR. suspense file.
  8. In committee: Hearing postponed by committee.
  9. Re-referred to Com. on APPR.
  10. Read second time and amended.
  11. From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (May 5).
  12. In committee: Set, first hearing. Referred to REV. & TAX. suspense file.

Sources

  1. California Legislative Information — pubinfo database export
  2. Official bill page