Section 17158.1 - Grant allocations from Microbusiness COVID-19 Relief Program excluded from gross income(a) For taxable years beginning on or after January 1, 2020, and before January 1, 2025, gross income does not include grant allocations received by a taxpayer pursuant to the California Microbusiness COVID-19 Relief Program that is administered by the Office of Small Business Advocate pursuant to Article 9 (commencing with Section 12100.90) of Chapter 1.6 of Part 2 of Division 3 of Title 2 of the Government Code.(b) Section 41 shall not apply to the exclusion allowed by this section.Ca. Rev. and Tax. Code § 17158.1
Amended by Stats 2023 ch 196 (SB 143),s 22, eff. 9/13/2023.Added by Stats 2021 ch 74 (SB 151),s 20, eff. 7/12/2021.