· CA legislature · 20252026

Personal income tax: exclusions: interest income: theft.

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. Existing law, in modified conformity with federal income tax law, allows a deduction for…

Sponsor

Tri Ta (R-CA)

Introduced

2025-02-14

Policy area

Taxation

Latest action

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