Fabio
83 lines
5.0 KiB
Markdown
83 lines
5.0 KiB
Markdown
---
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type: "Bill"
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title: "Taxation."
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description: "(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."
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jurisdiction: "us/states/ca"
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legislature: "California Legislature"
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session: "20232024"
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identifier: "SB 175"
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citation: "California SB 175 (20232024)"
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classification: ["bill", "appropriation"]
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subjects: ["Taxation"]
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status: "enacted"
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primary_sponsors: ["Committee on Budget and Fiscal Review"]
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version_count: 5
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action_count: 20
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vote_count: 3
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first_action: "2023-01-18"
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last_action: "2024-06-29"
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source: "openstates"
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source_identifier: "ocd-bill/e5cfa9fa-5e87-4a95-b908-714ae692194d"
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source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202320240SB175"
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source_hash: "8c6fa5e9a671faadd8f77e80197878a8ae7fdf3f732dcc5b355368e8e205d655"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-ca"]
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---
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# California SB 175 (20232024) — Taxation.
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(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.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **01/18/23 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240SB175&version=20230SB17599INT)
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2. **06/22/24 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240SB175&version=20230SB17598AMD)
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3. **06/29/24 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240SB175&version=20230SB17596CHP)
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4. **SB175** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202320240SB175)
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5. **06/26/24 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240SB175&version=20230SB17597ENR)
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## Votes
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- 3rd Reading SB175 B. & F.R. — **29–8** (pass) · upper
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- Unfinished Business SB175 B. & F.R. (Wiener) Concurrence — **30–7** (pass) · upper
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- SB 175 Budget and Fiscal Review Senate Third Reading By GABRIEL — **75–1** (pass) · lower
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## Sponsors
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- Committee on Budget and Fiscal Review — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2023-01-18** Introduced. Read first time. To Com. on RLS. for assignment. To print. `introduction, reading-1`
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- **2023-01-19** From printer. May be acted upon on or after February 18.
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- **2023-01-25** Referred to Com. on B. & F.R. `referral-committee`
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- **2023-03-16** Withdrawn from committee. (Ayes 28. Noes 8. Page 357.)
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- **2023-03-16** Ordered to second reading.
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- **2023-03-20** Read second time. Ordered to third reading. `reading-1, reading-2`
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- **2023-03-27** Read third time. Passed. (Ayes 29. Noes 8. Page 510.) Ordered to the Assembly. `passage, reading-1, reading-3`
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- **2023-03-27** In Assembly. Read first time. Held at Desk. `reading-1`
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- **2023-03-30** Referred to Com. on BUDGET. `referral-committee`
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- **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`
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- **2024-06-24** Assembly Rule 96 suspended. (Ayes 55. Noes 14. Page 5978.)
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- **2024-06-24** Withdrawn from committee.
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- **2024-06-24** Ordered to second reading.
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- **2024-06-25** Read second time. Ordered to third reading. `reading-1, reading-2`
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- **2024-06-26** Read third time. Passed. (Ayes 75. Noes 1. Page 6034.) Ordered to the Senate. `passage, reading-1, reading-3`
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- **2024-06-26** In Senate. Concurrence in Assembly amendments pending.
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- **2024-06-26** Assembly amendments concurred in. (Ayes 30. Noes 7. Page 4780.) Ordered to engrossing and enrolling. `amendment-passage, committee-passage-favorable`
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- **2024-06-27** Enrolled and presented to the Governor at 11 a.m.
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- **2024-06-29** Approved by the Governor. `executive-signature`
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- **2024-06-29** Chaptered by Secretary of State. Chapter 42, Statutes of 2024. `became-law`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/e5cfa9fa-5e87-4a95-b908-714ae692194d`. Confidence: reported (aggregated from official California legislature records).
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