republic-os/legislation/us/states/ca/20112012/sb-1544.md

---
type: "Bill"
title: "Income taxes: disaster losses: Counties of Los Angeles and San Bernardino."
description: "The Personal Income Tax Law and the Corporation Tax Law allow individual and corporate taxpayers to utilize net operating losses and carryovers and carrybacks of those losses for purposes of offsetting their individual and corporate tax liabilities. Existing law, for net operating losses incurred in taxable years beginning on or after January 1, 2008, provides a carryover period of 20 years and allows net operating losses attributable to taxable years beginning on or after January 1, 2013, to be carrybacks to each of the preceding 2 taxable years, as provided. Existing law disallows the deduction for net operating losses and net operating loss carryovers in the 2008 to 2011, inclusive, taxable years for a taxpayer with over a specified amount of business income and extends the carryover period for those net operating losses, thus allowing the taxpayer to have the same number of years to utilize the deduction as the taxpayer would have had if the disallowance for those taxable years had not occurred."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20112012"
identifier: "SB 1544"
citation: "California SB 1544 (20112012)"
classification: ["bill"]
subjects: ["Income taxes: disaster losses: Counties of Los Angeles and San Bernardino."]
status: "enacted"
primary_sponsors: ["Hernandez"]
version_count: 5
action_count: 21
vote_count: 5
first_action: "2012-02-24"
last_action: "2012-09-07"
source: "openstates"
source_identifier: "ocd-bill/28c4ee3b-0780-4c80-a548-e1ea342cdd98"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201120120SB1544"
source_hash: "ab4ca56ea7f457cfc5b92ccb797f55b38c7dec6efedc180d3f4bc2e616e05294"
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 SB 1544 (20112012) — Income taxes: disaster losses: Counties of Los Angeles and San Bernardino.

The Personal Income Tax Law and the Corporation Tax Law allow individual and corporate taxpayers to utilize net operating losses and carryovers and carrybacks of those losses for purposes of offsetting their individual and corporate tax liabilities. Existing law, for net operating losses incurred in taxable years beginning on or after January 1, 2008, provides a carryover period of 20 years and allows net operating losses attributable to taxable years beginning on or after January 1, 2013, to be carrybacks to each of the preceding 2 taxable years, as provided. Existing law disallows the deduction for net operating losses and net operating loss carryovers in the 2008 to 2011, inclusive, taxable years for a taxpayer with over a specified amount of business income and extends the carryover period for those net operating losses, thus allowing the taxpayer to have the same number of years to utilize the deduction as the taxpayer would have had if the disallowance for those taxable years had not occurred.

## Version chain

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

1. **02/24/12 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB1544&version=20110SB154499INT)
2. **05/02/12 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB1544&version=20110SB154498AMD)
3. **09/07/12 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB1544&version=20110SB154496CHP)
4. **SB1544** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201120120SB1544)
5. **08/16/12 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120SB1544&version=20110SB154497ENR)

## Votes

- Consent Calendar 2nd — **33–0** (pass) · upper
- Do pass, but re-refer to the Committee on Appropriations Recommend Consent. — **9–0** (pass) · upper
- Do pass and be re-referred to the Committee on Appropriations. — **9–0** (pass) · lower
- SB 1544 Hernandez Consent Calendar Second Day — **79–0** (pass) · lower
- Do pass, to Consent Calendar. — **17–0** (pass) · lower

## Sponsors

- Hernandez — primary (person)

## Timeline

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

- **2012-02-24** Introduced. To Com. on RLS. for assignment. To print. `introduction`
- **2012-02-25** From printer. May be acted upon on or after March 26.
- **2012-02-27** Read first time. `reading-1`
- **2012-03-22** Referred to Com. on GOV. & F. `referral-committee`
- **2012-03-28** Set for hearing May 9.
- **2012-05-02** From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F. `reading-2, reading-1, committee-passage, amendment-passage, referral-committee`
- **2012-05-09** From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 9. Noes 0. Page 3458.) (May 9). Re-referred to Com. on APPR. `referral-committee, committee-passage, committee-passage-favorable`
- **2012-05-11** Set for hearing May 21.
- **2012-05-21** From committee: Be placed on second reading file pursuant to Senate Rule 28.8 and ordered to consent calendar. `committee-passage`
- **2012-05-22** Read second time. Ordered to consent calendar. `reading-2, reading-1`
- **2012-05-25** Read third time. Passed. (Ayes 33. Noes 0. Page 3619.) Ordered to the Assembly. `reading-3, reading-1, passage`
- **2012-05-25** In Assembly. Read first time. Held at Desk. `reading-1`
- **2012-06-14** Referred to Com. on REV. & TAX. `referral-committee`
- **2012-07-03** From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (July 2). Re-referred to Com. on APPR. `referral-committee, committee-passage, committee-passage-favorable`
- **2012-08-09** From committee: Do pass. Ordered to consent calendar. (Ayes 17. Noes 0.) (August 8). `committee-passage, committee-passage-favorable`
- **2012-08-13** Read second time. Ordered to consent calendar. `reading-2, reading-1`
- **2012-08-16** Read third time. Passed. (Ayes 79. Noes 0. Page 5971.) Ordered to the Senate. `reading-3, reading-1, passage`
- **2012-08-16** In Senate. Ordered to engrossing and enrolling.
- **2012-08-20** Enrolled and presented to the Governor at 4:30 p.m.
- **2012-09-07** Approved by the Governor. `executive-signature`
- **2012-09-07** Chaptered by Secretary of State. Chapter 284, Statutes of 2012.

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/28c4ee3b-0780-4c80-a548-e1ea342cdd98`. Confidence: reported (aggregated from official California legislature records).