California Revenue and Taxation Code

§ 61020

RTC § 61020 Effective Jun 29, 2020Div. 2 · Part 32

Statute text

An Individual Shared Responsibility Penalty shall not be imposed on a responsible individual for a month in which any of the following circumstances apply:

(a)If the responsible individual’s required contribution, determined on an annual basis, for coverage for the month exceeds 8.3 percent of that responsible individual’s applicable household income for the taxable year.

(1)For purposes of applying this subdivision, a responsible individual’s applicable household income shall be increased by any exclusion from gross income for any portion of the required contribution made through a salary reduction arrangement for any applicable household member.

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Legislative history

Amended by Stats. 2020, Ch. 8, Sec. 18. (AB 85) Effective June 29, 2020.