California § 17138.2. 17138.2. (Added by Stats. 2022, Ch. 674, Sec. 1.)

California Statutes

§ 17138.2. — 17138.2. (Added by Stats. 2022, Ch. 674, Sec. 1.)

California·Code RTC Revenue and Taxation Code - RTC·Div. 2. DIVISION 2. OTHER TAXES·Part 10. PART 10. PERSONAL INCOME TAX·Ch. 3. CHAPTER 3. Computation of Taxable Income·Art. 3. ARTICLE 3. Items Specifically Excluded from Gross Income

(a)For taxable years beginning on or after January 1, 2022, and before January 1, 2027, gross income does not include any amount received as a rebate, voucher, or other financial incentive issued by a public water system, local government, or state agency for participation in a turf replacement water conservation program.

(b)For the purposes of this section, “public water system” shall have the same meaning as in Section 116275 of the Health and Safety Code.

(c)This section shall remain in effect only until December 1, 2027, and as of that date is repealed.

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(a)
For taxable years beginning on or after January 1, 2022, and before January 1, 2027, gross income does not include any amount received as a rebate, voucher, or other financial incentive issued by a public water system, local government, or state agency for participation in a turf replacement water conservation program.
(b)
For the purposes of this section, “public water system” shall
have the same meaning as in Section 116275 of the Health and Safety Code.
(c)
This section shall remain in effect only until December 1, 2027, and as of that date is repealed.

California § 17138.2. (17138.2. (Added by Stats. 2022, Ch. 674, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.