California Revenue and Taxation Code

§ 17132.3

RTC § 17132.3 Effective Oct 1, 2025Div. 2 · Part 10 · Ch. 3 · Art. 3

Statute text

(a)For taxable years beginning on or after January 1, 2026, and before January 1, 2031, gross income does not include any payment made pursuant to Section 6417 of the Internal Revenue Code, as added by Public Law 117-169, relating to elective payment of applicable credits. Sections 6417(c)(1)(C) and 6417(c)(1)(D) of the Internal Revenue Code, as added by Public Law 117-169, shall apply.

(b)For taxable years beginning on or after January 1, 2026, and before January 1, 2031, gross income does not include any payment made pursuant to Section 6418 of the Internal Revenue Code, as added by Public Law 117-169, relating to transfer of certain credits.

(1)Sections 6418(c)(1)(A) and 6418(c)(1)(B) of the Internal Revenue Code, as added by Public Law 117-169, shall apply.

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Legislative history

Added by Stats. 2025, Ch. 215, Sec. 2. (SB 302) Effective October 1, 2025. Repealed as of December 1, 2031, by its own provisions.