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California · 2025–26 Regular Session · Assembly Bill

AB 97: Personal Income Tax Law: Corporation Tax Law: Bobcat Fire: exclusions.

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 97 is a assembly bill introduced in the California Assembly on January 7, 2025. According to its official title, it concerns: Personal Income Tax Law: Corporation Tax Law: Bobcat Fire: exclusions. Primary sponsor: Tom Lackey (R). It lists 3 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 define “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, 2024, and before January 1, 2029, would provide an exclusion from gross income for any qualified taxpayer, as defined, for amounts received in settlement for costs and losses associated with the 2020 Bobcat Fire in the County of Los Angeles, 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.

This bill would make 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 4

NameRolePartyChamberDistrict
Tom LackeyPrimary sponsorRepublicanAssembly34
Megan DahleCo-sponsorRepublicanSenate1
Heather HadwickCo-sponsorRepublicanAssembly1
Suzette Martinez ValladaresCo-sponsorRepublicanSenate23

“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 72. Noes 0. Page 2076.).
  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. From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (May 5). Re-referred to Com. on APPR.
  10. Coauthors revised.
  11. In committee: Set, first hearing. Referred to REV. & TAX. suspense file.
  12. Referred to Com. on REV. & TAX.

Sources

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