California Revenue and Taxation Code

§ 24309.6

RTC § 24309.6 Effective Jul 10, 2023Div. 2 · Part 11 · Ch. 6 · Art. 2

Statute text

(a)For taxable years beginning on or after January 1, 2020, and before January 1, 2028, gross income does not include any qualified amount received by a qualified taxpayer.

(b)For purposes of this section:

(1)“Qualified amount” means any amount received in settlement by a qualified taxpayer from a settlement entity in connection with the 2019 Kincade Fire.

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Legislative history

Added by Stats. 2023, Ch. 55, Sec. 13. (SB 131) Effective July 10, 2023. Repealed as of December 1, 2028, by its own provisions.