SB 573: Personal Income Tax Law: exclusions: guaranteed income pilot programs.

Official summary

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

The Personal Income Tax Law, in conformity with federal income tax law, generally defines “gross income” as income from whatever source derived, and provides various exclusions from gross income, including, until July 1, 2026, an exclusion for payments received from a guaranteed income pilot program or related grants, as specified. Existing law repeals this exclusion as of January 1, 2027.

This bill would extend the above-referenced exclusion from gross income until July 1, 2031, and would repeal it as of January 1, 2032.

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

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

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. February 2, 2026Returned to Secretary of Senate pursuant to Joint Rule 56.
2. April 2, 2025From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX.
3. April 2, 2025Re-referred to Com. on REV. & TAX.
4. March 26, 2025From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
5. March 5, 2025Referred to Com. on RLS.
6. February 21, 2025From printer. May be acted upon on or after March 23.
7. February 20, 2025Introduced. Read first time. To Com. on RLS. for assignment. To print.