· CA legislature · 20252026

Personal Income Tax Law: exclusions: real property.

The Personal Income 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, 2027, and before January…

Sponsor

Alex Lee (D-CA)

Introduced

2026-02-20

Policy area

Taxation

Latest action

Referred to Com. on REV. & TAX.