republic-os/legislation/us/states/ca/20232024/sb-175.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	Taxation.	(1) The Personal Income Tax Law and the Corporation Tax Law, in modified conformity with federal income tax laws, allow various deductions in computing the income that is subject to the taxes imposed by those laws, including a deduction for a net operating loss, as specified. Existing law disallows the net operating loss deduction, as specified, for taxable years beginning on or after January 1, 2020, and before January 1, 2022.	us/states/ca	California Legislature	20232024	SB 175	California SB 175 (20232024)	bill appropriation	Taxation	enacted	Committee on Budget and Fiscal Review	5	20	3	2023-01-18	2024-06-29	openstates	ocd-bill/e5cfa9fa-5e87-4a95-b908-714ae692194d	http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202320240SB175	8c6fa5e9a671faadd8f77e80197878a8ae7fdf3f732dcc5b355368e8e205d655	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-ca

California SB 175 (20232024) — Taxation.

(1) The Personal Income Tax Law and the Corporation Tax Law, in modified conformity with federal income tax laws, allow various deductions in computing the income that is subject to the taxes imposed by those laws, including a deduction for a net operating loss, as specified. Existing law disallows the net operating loss deduction, as specified, for taxable years beginning on or after January 1, 2020, and before January 1, 2022.

Version chain

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

1. 01/18/23 - Introduced (filed) — source
2. 06/22/24 - Amended Assembly (committee substitute) — source
3. 06/29/24 - Chaptered (committee substitute) — source
4. SB175 (committee substitute) — source
5. 06/26/24 - Enrolled (enrolled) — source

Votes

• 3rd Reading SB175 B. & F.R. — 29–8 (pass) · upper
• Unfinished Business SB175 B. & F.R. (Wiener) Concurrence — 30–7 (pass) · upper
• SB 175 Budget and Fiscal Review Senate Third Reading By GABRIEL — 75–1 (pass) · lower

Sponsors

• Committee on Budget and Fiscal Review — primary (person)

Timeline

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

• 2023-01-18 Introduced. Read first time. To Com. on RLS. for assignment. To print. introduction, reading-1
• 2023-01-19 From printer. May be acted upon on or after February 18.
• 2023-01-25 Referred to Com. on B. & F.R. referral-committee
• 2023-03-16 Withdrawn from committee. (Ayes 28. Noes 8. Page 357.)
• 2023-03-16 Ordered to second reading.
• 2023-03-20 Read second time. Ordered to third reading. reading-1, reading-2
• 2023-03-27 Read third time. Passed. (Ayes 29. Noes 8. Page 510.) Ordered to the Assembly. passage, reading-1, reading-3
• 2023-03-27 In Assembly. Read first time. Held at Desk. reading-1
• 2023-03-30 Referred to Com. on BUDGET. referral-committee
• 2024-06-22 From committee with author's amendments. Read second time and amended. Re-referred to Com. on BUDGET. amendment-passage, committee-passage, reading-1, reading-2, referral-committee
• 2024-06-24 Assembly Rule 96 suspended. (Ayes 55. Noes 14. Page 5978.)
• 2024-06-24 Withdrawn from committee.
• 2024-06-24 Ordered to second reading.
• 2024-06-25 Read second time. Ordered to third reading. reading-1, reading-2
• 2024-06-26 Read third time. Passed. (Ayes 75. Noes 1. Page 6034.) Ordered to the Senate. passage, reading-1, reading-3
• 2024-06-26 In Senate. Concurrence in Assembly amendments pending.
• 2024-06-26 Assembly amendments concurred in. (Ayes 30. Noes 7. Page 4780.) Ordered to engrossing and enrolling. amendment-passage, committee-passage-favorable
• 2024-06-27 Enrolled and presented to the Governor at 11 a.m.
• 2024-06-29 Approved by the Governor. executive-signature
• 2024-06-29 Chaptered by Secretary of State. Chapter 42, Statutes of 2024. became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/e5cfa9fa-5e87-4a95-b908-714ae692194d. Confidence: reported (aggregated from official California legislature records).