· CA legislature · 20252026

Personal Income Tax Law: deduction from gross income: car loan interest payments.

The Personal Income Tax Law, in modified conformity with federal income tax laws, allows various deductions from gross income in calculating adjusted gross income. This bill, for taxable years beginning on or after January 1, 2026, and before January 1, 2031, would allow a deduction from adjusted gross income for a…

Sponsor

David Tangipa (R-CA)

Introduced

2025-02-10

Policy area

Taxation

Latest action

From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.