All Roll Calls
Yes: 128 • No: 11
CaliforniaSB 1592025-2026 Regular SessionSenateWALLET
Budget Act of 2025.
Sponsored By: Sponsor information unavailable
Signed by Governor
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Bill Overview
Analyzed Economic Effects
4 provisions identified: 3 benefits, 0 costs, 1 mixed.
Wildfire settlement tax break for households
You do not include qualified California wildfire settlement payments in your California taxable income. This applies to tax years that start on or after January 1, 2021, and before January 1, 2030. It covers payments from a settlement entity tied to a wildfire that the Governor or the President declared an emergency or major disaster. You must have lived in or owned property in the damaged area and paid or incurred disaster costs. This exclusion ends when the section is repealed on December 1, 2030.
Wildfire settlement tax break for businesses
Businesses do not include qualified California wildfire settlement payments in gross income for state taxes. This applies to tax years that start on or after January 1, 2021, and before January 1, 2030. The payment must be from a settlement entity and tied to a wildfire the Governor or the President declared an emergency or major disaster. The business must own property or have a place of business in the damaged area and have paid or incurred disaster costs. This exclusion is repealed on December 1, 2030.
Tax board gets $10,000 for relief
The law gives $10,000 from the General Fund to the state tax board (Franchise Tax Board). The money is for running the wildfire settlement tax exclusions. The act takes effect immediately.
Paperwork rules for wildfire settlements
Settlement entities must give documentation of payments when the Franchise Tax Board or a qualified taxpayer asks. Qualified taxpayers must provide the information the Franchise Tax Board requests. These rules apply alongside the wildfire tax exclusions and end on December 1, 2030.
Sponsors & Cosponsors
Sponsors
There is no primary sponsor on record.
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
Senate vote • 9/12/2025
Item 112 — Senate SFLOOR
Yes: 31 • No: 0
House vote • 9/11/2025
Item 157 — Assembly AFLOOR
Yes: 69 • No: 1
Senate vote • 3/20/2025
Item 93 — Senate SFLOOR
Yes: 28 • No: 10
Actions Timeline
Chaptered by Secretary of State. Chapter 112, Statutes of 2025.
9/17/2025SenateApproved by the Governor.
9/17/2025legislatureEnrolled and presented to the Governor at 3:30 p.m.
9/15/2025legislatureAssembly amendments concurred in. (Ayes 31. Noes 0. Page 2955.) Ordered to engrossing and enrolling.
9/12/2025SenateIn Senate. Concurrence in Assembly amendments pending.
9/12/2025SenateRead third time. Passed. (Ayes 69. Noes 1. Page 3327.) Ordered to the Senate.
9/11/2025HouseOrdered to third reading.
9/10/2025HouseWithdrawn from committee.
9/10/2025HouseAssembly Rule 96 suspended. (Ayes 56. Noes 19. Page 3164.)
9/10/2025HouseFrom committee with author's amendments. Read second time and amended. Re-referred to Com. on BUDGET.
9/8/2025HouseReferred to Com. on BUDGET.
3/24/2025HouseIn Assembly. Read first time. Held at Desk.
3/20/2025HouseRead third time. Passed. (Ayes 28. Noes 10. Page 450.) Ordered to the Assembly.
3/20/2025SenateRead second time. Ordered to third reading.
3/18/2025SenateOrdered to second reading.
3/17/2025SenateWithdrawn from committee. (Ayes 27. Noes 10. Page 384.)
3/17/2025SenateReferred to Com. on B. & F. R.
2/5/2025SenateFrom printer. May be acted upon on or after February 23.
1/24/2025SenateIntroduced. Read first time. To Com. on RLS. for assignment. To print.
1/23/2025Senate
Bill Text
Chaptered
9/17/2025
Enrolled
9/13/2025
Amended Assembly
9/8/2025
Introduced
1/23/2025