Section 24308.4 - [Effective until 12/1/2026] Bill credits pursuant to the Water and Wastewater System Payments excluded from gross income(a) For taxable years beginning on or after January 1, 2021, and before January 1, 2026, gross income does not include a bill credit or credits received by a customer from a community water system or wastewater treatment provider pursuant to the Water and Wastewater System Payments Under the American Rescue Plan Act of 2021 (Chapter 4.7 (commencing with Section 116773) of Part 12 of Division 104 of the Health and Safety Code). (b) This section shall remain in effect only until December 1, 2026, and as of that date is repealed.Ca. Rev. and Tax. Code § 24308.4
Added by Stats 2022 ch 3 (SB 113),s 19, eff. 2/9/2022. See Stats 2022 ch 3 (SB 113), s 23.