California § 17158.1. 17158.1. (Amended by Stats. 2023, Ch. 196, Sec. 22.)

California Statutes

§ 17158.1. — 17158.1. (Amended by Stats. 2023, Ch. 196, Sec. 22.)

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, 2020, and before January 1, 2025, gross income does not include grant allocations received by a taxpayer pursuant to the California Microbusiness COVID-19 Relief Program that is administered by the Office of Small Business Advocate pursuant to Article 9 (commencing with Section 12100.90) of Chapter 1.6 of Part 2 of Division 3 of Title 2 of the Government Code.

(b)Section 41 shall not apply to the exclusion allowed by this section.

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(a)
For taxable years beginning on or after January 1, 2020, and before January 1, 2025, gross income does not include grant allocations received by a taxpayer pursuant to the California Microbusiness COVID-19 Relief Program that is administered by the Office of Small Business Advocate pursuant to Article 9 (commencing with Section 12100.90) of Chapter 1.6 of Part 2 of Division 3 of Title 2 of the Government Code.
(b)
Section 41 shall not apply to the exclusion allowed by this section.

California § 17158.1. (17158.1. (Amended by Stats. 2023, Ch. 196, Sec. 22.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.