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Income taxes: federal CARES Act: gross income: loan forgiveness.

It became law on Sep 9, 2020.

CA AB 1577 · Assembly Bill · 2019–2020

Stage
Became law
Started in
Assembly
Sponsor
Autumn R. Burke
Latest action
Sep 9, 2020

What it does

(1) The Personal Income Tax Law and the Corporation Tax Law, in conformity with federal income tax law, generally define "gross income" as income from whatever source derived, except as specifically excluded, and provide various exclusions from gross income.

Read the full text

Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Sep 9, 2020

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

In the news

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Where it goes next

It is law in California. What happens now is up to the agency that carries it out, the courts, and the place itself.

Work with this bill

Income taxes: federal CARES Act: gross income: loan forgiveness. | 52