BILL NUMBER: SB 358	AMENDED
	BILL TEXT

	AMENDED IN SENATE  APRIL 26, 2011

INTRODUCED BY   Senator Cannella
    (   Coauthors:   Senators   Fuller
  and Rubio   ) 
   (   Coauthor:   Assembly Member  
Olsen   ) 

                        FEBRUARY 15, 2011

   An act to add Sections 17158 and 24316 to the Revenue and Taxation
Code, relating to taxation, to take effect immediately, tax levy.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 358, as amended, Cannella. Income tax: gross income: exclusion:
air quality funds.
   The Personal Income Tax Law and the Corporation Tax Law define
gross income as all income from whatever source derived, unless
specifically excluded.
   This bill would exclude from gross income any amount provided to a
person by the State Air Resources Board  , an air pollution
control district, or an air quality management district  for the
purpose of air pollution reduction.
   This bill would take effect immediately as a tax levy.
   Vote: majority. Appropriation: no. Fiscal committee: yes.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 17158 is added to the Revenue and Taxation
Code, to read:
   17158.  Gross income shall not include any amount provided by the
State Air Resources Board  , an air pollution control district,
or an air quality management district  to any person for the
purpose of air pollution reduction.
  SEC. 2.  Section 24316 is added to the Revenue and Taxation Code,
to read:
   24316.  Gross income shall not include any amount provided by the
State Air Resources Board  , air pollution control districts, and
air quality management districts  to any person for the purpose
of air pollution reduction.
  SEC. 3.  This act provides for a tax levy within the meaning of
Article IV of the Constitution and shall go into immediate effect.