California Revenue and Taxation Code 24308.5 v2 – (a) For taxable years beginning on or after January 1, 2021, and …
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(a) For taxable years beginning on or after January 1, 2021, and before January 1, 2026, gross income does not include a bill credit or credits received by a customer from a utility applicant pursuant to the California Arrearage Payment Program Under the American Rescue Plan Act of 2021 (Article 12 (commencing with Section 16429.5) of Chapter 2 of Part 2 of Division 4 of Title 2 of the Government Code).
(b) This section shall remain in effect only until December 1, 2026, and as of that date is repealed.
(Added by Stats. 2022, Ch. 3, Sec. 20. (SB 113) Effective February 9, 2022. Repealed as of December 1, 2026, by its own provisions. See same-numbered section added by Stats. 1994, Ch. 22.)