California Revenue and Taxation Code

§ 17053.82

RTC § 17053.82 Effective Jun 30, 2022Div. 2 · Part 10 · Ch. 2

Statute text

(a)For each taxable year beginning on or after January 1, 2023, and before January 1, 2028, there shall be allowed a credit against the “net tax,” as defined in Section 17039, to a qualified taxpayer in an amount equal to ten thousand dollars ($10,000).

(b)For purposes of this section, “qualified taxpayer” means an equity licensee that has received approval, including approval contingent upon the availability of funds, for the fee waiver and deferral program established pursuant to Section 26249 of the Business and Professions Code, as administered by the Department of Cannabis Control.

(c)On January 1, 2024, and every 6 months thereafter, the Department of Cannabis Control shall provide the Franchise Tax Board with a list of qualified taxpayers for the purposes of administering this section. The Department of Cannabis Control may satisfy this requirement by maintaining a database that makes this information available to the Franchise Tax Board.

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Legislative history

Added by Stats. 2022, Ch. 56, Sec. 15. (AB 195) Effective June 30, 2022. Repealed as of December 1, 2028, by its own provisions.