California 2019-2020 Regular Session Status: In Committee

AB 2166 — Personal Income Tax Law: net operating loss.

Last action — Re-referred to Com. on REV. & TAX.

Track this bill free

No card. One bill, free forever — alerts when it moves.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Assembly
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2019-2020 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

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, the federal Coronavirus Aid, Relief, and Economic Security Act (CARES Act) , among other things, authorizes, with respect to a taxable year beginning on or after January 1, 2018, and before January 1, 2021, a net operating loss carryback to each of the 5 taxable years preceding the taxable year of that loss. This bill would, under both laws, conform to the provision of the CARES Act described above and would authorize a taxpayer to file a return for the first six months of a taxable year if that return includes a claim for a net operating loss carryback pursuant to that provision. The bill would also make legislative findings and declarations regarding the public purpose served by the bill. Existing law requires any bill authorizing a new tax expenditure to contain, among other things, specific goals, purposes, and objectives that the tax expenditure will achieve, detailed performance indicators, and data collection requirements. The bill also would include additional information required for any bill authorizing a new tax expenditure.

Bill Text

Action History

  1. Re-referred to Com. on REV. & TAX.

  2. From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.

  3. In committee: Hearing postponed by committee.

  4. Referred to Com. on REV. & TAX.

  5. From printer. May be heard in committee March 13.

  6. Read first time. To print.

Sponsors

  • Kiley · Primary

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 0 co-sponsors · 121 not signed on

Sponsors (1)

  • Kiley

Co-sponsors (0)

None.

Not signed on (121)

121 members have not signed on to this bill.

Show all 121 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does AB 2166 do?
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, the federal Coronavirus Aid, Relief, and Economic Security Act (CARES Act) , among other things, authorizes, with respect to a taxable year beginning on or after January 1, 2018, and before January 1, 2021, a net operating loss carryback to each of the 5 taxable years preceding the taxable year of that loss. This bill would, under both laws, conform to the provision of the CARES Act described above and would authorize a taxpayer to file a return for the first six months of a taxable year if that return includes a claim for a net operating loss carryback pursuant to that provision. The bill would also make legislative findings and declarations regarding the public purpose served by the bill. Existing law requires any bill authorizing a new tax expenditure to contain, among other things, specific goals, purposes, and objectives that the tax expenditure will achieve, detailed performance indicators, and data collection requirements. The bill also would include additional information required for any bill authorizing a new tax expenditure.
Who sponsors AB 2166?
AB 2166 is sponsored by Kiley.
What is the current status of AB 2166?
This bill died with 2019-2020 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track AB 2166?
Track AB 2166 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on AB 2166

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of AB 2166

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →