California Revenue and Taxation Code

§ 17131.22

RTC § 17131.22 Effective May 15, 2023Div. 2 · Part 10 · Ch. 3 · Art. 3

Statute text

(a)For taxable years beginning on or after January 1, 2020, and before January 1, 2028, gross income does not include amounts of certain emergency financial aid grants received by a student in postsecondary education pursuant to, or described in, any of the following:

(1)Section 3504 or 18004 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) (Public Law 116-136).

(2)Section 314 of Division M or Section 277 of Division N of the Consolidated Appropriations Act, 2021 (Public Law 116-260).

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Legislative history

Added by Stats. 2023, Ch. 5, Sec. 2. (AB 111) Effective May 15, 2023. Repealed as of December 1, 2028, by its own provisions.