California Revenue and Taxation Code

§ 41

RTC § 41 Effective Jan 1, 2025

Statute text

(a)(1) Notwithstanding any other law, and except as provided in paragraph (2), any bill, introduced on or after January 1, 2020, that would authorize a new tax expenditure under Part 10 (commencing with Section 17001) of Division 2, Part 11 (commencing with Section 23001) of Division 2, or both, or that would authorize an exemption from the taxes imposed by Part 1 (commencing with Section 6001) of Division 2, shall contain all of the following:

(A)Specific goals, purposes, and objectives that the tax expenditure will achieve.

(B)Detailed performance indicators for the Legislature to use when measuring whether the tax expenditure meets the goals, purposes, and objectives stated in the bill.

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Legislative history

Amended by Stats. 2024, Ch. 124, Sec. 1. (AB 3289) Effective January 1, 2025.