Section 17138.2 - [Effective until 12/1/2027] Turf replacement water conservation program exclusion(a) For taxable years beginning on or after January 1, 2022, and before January 1, 2027, gross income does not include any amount received as a rebate, voucher, or other financial incentive issued by a public water system, local government, or state agency for participation in a turf replacement water conservation program.(b) For the purposes of this section, "public water system" shall have the same meaning as in Section 116275 of the Health and Safety Code.(c) This section shall remain in effect only until December 1, 2027, and as of that date is repealed.Ca. Rev. and Tax. Code § 17138.2
Added by Stats 2022 ch 674 (AB 2142),s 1, eff. 9/28/2022.