---
type: "Bill"
title: "Personal income taxes: qualified employer plan: loans: CARES Act."
description: "The Personal Income Tax Law, in partial conformity with federal income tax law, allows a qualified employer plan, as defined, to provide specified loans to a participant or a beneficiary that are not treated as taxable distributions from the plan if specified conditions are met, including that the maximum amount that a plan may permit as a loan does not exceed (1) the greater of $10,000 or 50% of the participant's vested account balance, or (2) $50,000, whichever is less, and that generally the loan be repaid within 5 years."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20192020"
identifier: "AB 276"
citation: "California AB 276 (20192020)"
classification: ["bill"]
subjects: ["Personal income taxes: qualified employer plan: loans: CARES Act."]
status: "enacted"
primary_sponsors: ["Friedman"]
version_count: 9
action_count: 41
vote_count: 10
first_action: "2019-01-28"
last_action: "2020-09-11"
source: "openstates"
source_identifier: "ocd-bill/1f7aed69-92a7-4e01-aad8-c7b9e167bae2"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201920200AB276"
source_hash: "4bdae0dc306464e821a7930c95ac9ed79164853f8afd5e30dc38455d6c79e445"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ca"]
---

# California AB 276 (20192020) — Personal income taxes: qualified employer plan: loans: CARES Act.

The Personal Income Tax Law, in partial conformity with federal income tax law, allows a qualified employer plan, as defined, to provide specified loans to a participant or a beneficiary that are not treated as taxable distributions from the plan if specified conditions are met, including that the maximum amount that a plan may permit as a loan does not exceed (1) the greater of $10,000 or 50% of the participant's vested account balance, or (2) $50,000, whichever is less, and that generally the loan be repaid within 5 years.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **01/28/19 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB276&version=20190AB27699INT)
2. **01/06/20 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB276&version=20190AB27696AMD)
3. **01/15/20 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB276&version=20190AB27695AMD)
4. **02/21/19 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB276&version=20190AB27698AMD)
5. **03/21/19 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB276&version=20190AB27697AMD)
6. **07/02/20 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB276&version=20190AB27694AMD)
7. **09/11/20 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB276&version=20190AB27692CHP)
8. **AB276** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201920200AB276)
9. **09/01/20 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB276&version=20190AB27693ENR)

## Votes

- AB 276 Friedman Concurrence in Senate Amendments — **75–0** (pass) · lower
- Do pass — **7–0** (pass) · upper
- Do pass and be re-referred to the Committee on [Appropriations] — **6–0** (pass) · lower
- Be re-referred to the Committee on [Education] — **12–0** (pass) · lower
- Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar — **7–0** (pass) · upper
- With recommendation: That Senate amendments be concurred in. — **11–0** (pass) · lower
- AB 276 Friedman Assembly Third Reading — **74–0** (pass) · lower
- Do pass. — **18–0** (pass) · lower
- Special Consent AB276 — **39–0** (pass) · upper
- Placed on suspense file — **7–0** (pass) · upper

## Sponsors

- Friedman — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2019-01-28** Read first time. To print. `reading-1`
- **2019-01-29** From printer. May be heard in committee February 28.
- **2019-02-07** Referred to Com. on PUB. S. `referral-committee`
- **2019-02-21** From committee chair, with author's amendments: Amend, and re-refer to Com. on PUB. S. Read second time and amended. `reading-1, reading-2, amendment-passage, amendment-introduction`
- **2019-02-25** Re-referred to Com. on PUB. S. `referral-committee`
- **2019-03-12** In committee: Set, first hearing. Hearing canceled at the request of author.
- **2019-03-19** In committee: Set, second hearing. Hearing canceled at the request of author.
- **2019-03-21** From committee chair, with author's amendments: Amend, and re-refer to Com. on PUB. S. Read second time and amended. `reading-1, reading-2, amendment-passage, amendment-introduction`
- **2019-03-25** Re-referred to Com. on PUB. S. `referral-committee`
- **2019-04-02** In committee: Hearing postponed by committee.
- **2020-01-06** From committee chair, with author's amendments: Amend, and re-refer to Com. on PUB. S. Read second time and amended. `reading-1, reading-2, amendment-passage, amendment-introduction`
- **2020-01-06** Re-referred to Com. on PUB. S. `referral-committee`
- **2020-01-06** Re-referred to Com. on RLS. pursuant to Assembly Rule 96. `referral-committee`
- **2020-01-06** From committee: Be re-referred to Com. on ED. Re-referred. (Ayes 12. Noes 0.) (January 6). Re-referred to Com. on ED. `committee-passage, referral-committee`
- **2020-01-15** From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (January 15). Re-referred to Com. on APPR. `committee-passage-favorable, committee-passage, referral-committee`
- **2020-01-15** From committee chair, with author's amendments: Amend, and re-refer to Com. on APPR. Read second time and amended. `reading-1, reading-2, amendment-passage, amendment-introduction`
- **2020-01-16** Re-referred to Com. on APPR. `referral-committee`
- **2020-01-23** In committee: Set, first hearing. Referred to APPR. suspense file. `referral-committee`
- **2020-01-23** From committee: Do pass. (Ayes 18. Noes 0.) (January 23). `committee-passage-favorable, committee-passage`
- **2020-01-23** Read second time. Ordered to third reading. `reading-1, reading-2`
- **2020-01-27** Read third time. Passed. Ordered to the Senate. (Ayes 74. Noes 0. Page 3890.) `passage, reading-3, reading-1`
- **2020-01-28** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
- **2020-06-23** Referred to Com. on ED. `referral-committee`
- **2020-07-02** From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on ED. `reading-1, reading-2, amendment-passage, referral-committee, amendment-introduction`
- **2020-07-27** Withdrawn from committee.
- **2020-07-27** Re-referred to Com. on RLS. `referral-committee`
- **2020-07-27** Re-referred to Com. on GOV. & F. `referral-committee`
- **2020-07-30** From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 7. Noes 0.) (July 29). Re-referred to Com. on APPR. `committee-passage-favorable, committee-passage, referral-committee`
- **2020-08-13** In committee: Referred to APPR. suspense file. `referral-committee`
- **2020-08-20** From committee: Do pass. (Ayes 7. Noes 0.) (August 20). `committee-passage-favorable, committee-passage`
- **2020-08-20** Read second time. Ordered to third reading. `reading-1, reading-2`
- **2020-08-25** Ordered to special consent calendar.
- **2020-08-28** Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0. Page 4380.). `passage, reading-3, reading-1`
- **2020-08-28** In Assembly. Concurrence in Senate amendments pending.
- **2020-08-30** Re-referred to Com. on REV. & TAX. pursuant to Assembly Rule 77.2. `referral-committee`
- **2020-08-30** Joint Rule 62(a), file notice suspended. (Page 5274.)
- **2020-08-30** From committee: That the Senate amendments be concurred in. (Ayes 11. Noes 0.) (August 30). `committee-passage`
- **2020-08-30** Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 75. Noes 0. Page 5378.). `amendment-passage, committee-passage-favorable`
- **2020-09-08** Enrolled and presented to the Governor at 4:30 p.m.
- **2020-09-11** Approved by the Governor. `executive-signature`
- **2020-09-11** Chaptered by Secretary of State - Chapter 62, Statutes of 2020.

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/1f7aed69-92a7-4e01-aad8-c7b9e167bae2`. Confidence: reported (aggregated from official California legislature records).