Rev. & Tax. Code, § 24308.5 · Article 2. Exclusions

Rev. & Tax. Code, § 24308.5

Review required

Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)

(a) Gross income does not include cost-share payments received by forest landowners from the Department of Forestry and Fire Protection pursuant to the California Forest Improvement Act of 1978 (Part 2.5 (commencing with Section 4790) of Division 1 of the Public Resources Code) or from the United States Department of Agriculture, Forest Service, under the Forest Stewardship Program and the Stewardship Incentives Program, pursuant to the Cooperative Forestry Assistance Act, as amended (Public Law 101-624).

(b) The amount of any cost-share payment excluded pursuant to subdivision (a) shall not be considered with regard to either of the following:

(1) Determining the basis of property acquired or improved.

(2) Computing any allowable deduction to which the taxpayer may otherwise be entitled.

Notes and commentary — not statutory text

History

Added by Stats. 1994, Ch. 22, Sec. 3. Effective March 25, 1994. See same-numbered section added by Stats. 2022, Ch. 3.

Another version listed by the Legislative Counsel

Repealed as of December 1, 2026, by its own provisions.

(a) For taxable years beginning on or after January 1, 2021, and before January 1, 2026, gross income does not include a bill credit or credits received by a customer from a utility applicant pursuant to the California Arrearage Payment Program Under the American Rescue Plan Act of 2021 (Article 12 (commencing with Section 16429.5) of Chapter 2 of Part 2 of Division 4 of Title 2 of the Government Code).

(b) This section shall remain in effect only until December 1, 2026, and as of that date is repealed.

History (another version listed by the Legislative Counsel)

Added by Stats. 2022, Ch. 3, Sec. 20. (SB 113) Effective February 9, 2022. Repealed as of December 1, 2026, by its own provisions. See same-numbered section added by Stats. 1994, Ch. 22.

Source of truth

Edition: As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Official file: https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC&sectionNum=24308.5.
Text hash: sha256 3095b621beb1130f507c7706424720c386366a051c8b55b939c512257819e668
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the Legislative Counsel lists 2 versions of this section; the version shown is the one in force by its history, the other is under "Another version listed by the Legislative Counsel" (current)

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