Budget & Economy

Makes technical changes to employer notification requirements about tax filing assistance programs.

Undeveloped "intent bill" that aims to address payment of claims against the state.

Appropriates $1.2 million from the General Fund to pay legal settlements against the state. Requires immediate disbursement of funds to resolve three specific court cases. Mandates unused funds return to the General Fund within 45 days of final payment.

Requires county boards to hold public hearings before approving sales of tax-defaulted properties. Mandates 45-day advance notice to property owners and interested parties before tax sale hearings. Allows affected parties to challenge property sale decisions in court within 45 days. Requires purchasers to pay all costs associated with required hearings and findings.

Increases late filing penalties for insurance companies that fail to submit required financial statements on time. Sets an initial late fee of $800 for missed financial statement deadlines. Imposes an additional monthly penalty of $900 for continued non-compliance.

Amends the 2023 and 2024 Budget Acts to adjust state appropriations and add new funding items across multiple agencies. Provides $16 million in grants to California tribes to investigate missing and murdered indigenous people cases. Authorizes up to $2.5 billion for wildfire response and recovery efforts in Los Angeles County. Allocates $181 million from environmental funds to state conservancies for climate and conservation projects.

Makes technical changes to expand attorney qualification requirements for the Gambling Control Commission.

Makes technical changes to streamline notice requirements and procedures for community revitalization authorities.

Authorizes the California FAIR Plan Association to issue bonds through the state infrastructure bank to increase its ability to pay insurance claims during the current property insurance crisis. Enables the FAIR Plan to enter into loan agreements and credit lines with financial institutions to ensure adequate funding for catastrophic events. Requires FAIR Plan member insurance companies to pay assessments that cover all bond and loan payment obligations. Takes effect immediately as an urgency measure to address the severe shortage of property insurance coverage in California.

Amends the 2023 and 2024 Budget Acts to provide $2.5 billion for wildfire response and recovery efforts. Allocates $181 million to conservancies and tribes for environmental protection and wildfire prevention. Establishes new reporting requirements for state agencies to track wildfire response expenditures. Authorizes expedited contracting and spending procedures for emergency wildfire response activities.

Updates property tax payment rules to credit mailed payments without postmarks based on receipt date. Authorizes tax collectors to reduce minimum auction prices when special assessments are reduced. Establishes electronic payments as received on the transaction completion date if made through approved channels.

Makes technical changes to clarify requirements for horse racing wagering facility agreements.

Ratifies new and amended gaming agreements between California and the Big Sandy Rancheria tribe. Exempts tribal gaming agreements from state environmental review requirements. Takes effect immediately to promote tribal economic development and stability.

Extends the deadline for filing solar energy system tax exclusions to three years after property purchase. Adds public schools to organizations eligible for property tax exemptions and refunds. Allows late-filed solar energy system claims to receive tax benefits starting in the year filed. Requires state reimbursement to local agencies for costs of implementing new tax provisions.

Extends indefinitely the tax provisions allowing nonresident aliens to file without SSN or ITIN numbers. Maintains the group tax filing option for nonresident aliens receiving California income. Excludes from gross income any payments made by agents for nonresidents in group filings. Requires the highest marginal tax rate plus 1% for nonresident aliens filing group returns.

Increases the California State Lottery's immediate prize payment limit from $1,000 to $100,000. Requires the Lottery Commission to adopt regulations for processing larger immediate payments. Maintains existing record-keeping requirements for all immediate prize payments.

Suspends property tax penalties until April 2026 for specific Los Angeles and Ventura County areas affected by wildfires. Applies only to properties not delinquent before January 2025 and those not paid through impound accounts. Allows property owners to continue installment payment plans without default through April 2026. Takes immediate effect as an urgency measure to provide financial relief to wildfire-impacted residents.

Updates required contact information for consumer complaints at money transmission locations. Requires notices in English and the primary language used by the business for advertising. Allows alternative notice formats for money transmission services on websites and mobile apps. Removes an outdated reporting requirement for deferred deposit transactions.

Extends the sales tax exemption for zero-emission transit buses purchased by public agencies until January 1, 2028. Applies to various transit vehicle types including articulated, double-decker, and trolley buses over 14,000 pounds. Requires buses to qualify for the state's Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project. Takes effect immediately to help public agencies transition to zero-emission transit fleets.

Extends the credit union notification period for officer suspensions from seven calendar days to seven business days. Requires supervisory committees to notify members when credit committee members or directors are suspended. Applies to all California-licensed credit unions regulated by the Commissioner of Financial Protection.

Eliminates the 'good faith effort' standard for film tax credits, requiring production companies to meet diversity goals. Maintains the existing $330 million annual tax credit cap for qualified film and TV productions through 2029-30. Requires productions to submit and achieve diversity workplan goals to receive an additional 4% tax credit. Establishes a Career Pathways Training program funded by 0.5% of approved tax credits to train underserved communities.

Undeveloped "intent bill" that aims to streamline the certification process for opening California businesses. Proposes training requirements to help entrepreneurs successfully operate small businesses.

Exempts certified microbusinesses from California's $800 annual minimum franchise tax starting January 2025. Applies to corporations, limited partnerships, LLCs, and limited liability partnerships that qualify as microbusinesses. Continues tax exemptions for small businesses owned by deployed military members operating at a loss until 2030. Takes immediate effect as a tax levy under California's Constitution.

Establishes a new tax credit covering 50% of medical equipment costs for children with complex conditions. Provides up to $5,000 in annual tax credits per child for prescribed durable medical equipment. Applies to purchases made between 2026 and 2031 for dependents under age 18. Allows unused credit amounts to be carried forward for up to seven years.

Extends the California Competes Grant Program for job creation and business investment through January 2031. Maintains GO-Biz's authority to provide economic development grants for an additional year. Requires no new funding appropriations to extend the existing grant program.