California 1991-1992, 1st Special Session Status: Introduced 1 D cosponsors

AB 26 — Income taxes: bank and corporation taxes: deductions: casualty losses: fire.

  1. 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 1991-1992, 1st Special Session. It reached “Introduced” 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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.

In plain language

This bill allows deductions for casualty losses due to fire for banks and corporations.

AB 26 permits banks and corporations to deduct certain casualty losses caused by fire on their income taxes. This change aims to provide financial relief to affected businesses.

What this means for you
  • Workers: Workers may benefit indirectly as businesses could recover faster and maintain jobs after experiencing fire losses.
  • Families: {}
  • Small Business: If you're a small business owner, this bill could help ease financial losses from fire by allowing tax deductions.

Bill Text

What changed in the latest version

1 added · 1 removed

Plain-language change summary

The bill AB 26 has had a straightforward change: one line was added and one line was removed. The addition likely includes a new provision or detail that could clarify the bill’s intent or enhance its effectiveness. This change matters because it may help ensure that the bill addresses issues more clearly or better meets the needs of the community it affects.

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Sponsors

  • Bates · Cosponsor
  • Petris · Cosponsor
  • Alex Lee · Cosponsor

Sponsorship breakdown

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0 sponsors · 3 co-sponsors · 119 not signed on

Sponsors (0)

None.

Co-sponsors (3)

Not signed on (119)

119 members have not signed on to this bill.

Show all 119 →

"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

Who sponsors AB 26?
AB 26 is sponsored by Bates, Petris, and Lee, Alex (Democratic).
What is the current status of AB 26?
This bill died with 1991-1992, 1st Special Session. It reached “Introduced” 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 26?
Track AB 26 free on One Click Politics — get push/email alerts when it moves.

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