California AB1219 proposes to revise personal income tax rates and brackets for nonresidents and part-year residents.

AB1219 amends the Revenue and Taxation Code to revise income tax rates and brackets for nonresidents and part-year residents in California. For taxable years starting from January 1, 2025, to January 1, 2030, the bill sets new tax rates at 1%, 3%, 5%, or 7%, replacing the existing rates of 2%, 4%, 6%, or 8%. The tax is calculated based on the taxable income of nonresidents or part-year residents, treating them as if they were residents for the entire year. The bill also modifies the Internal Revenue Code to adjust certain tax percentages.

California AB1219 proposes to revise personal income tax rates and brackets for nonresidents and part-year residents.

AB1219 amends the Revenue and Taxation Code to revise income tax rates and brackets for nonresidents and part-year residents in California. For taxable years starting from January 1, 2025, to January 1, 2030, the bill sets new tax rates at 1%, 3%, 5%, or 7%, replacing the existing rates of 2%, 4%, 6%, or 8%. The tax is calculated based on the taxable income of nonresidents or part-year residents, treating them as if they were residents for the entire year. The bill also modifies the Internal Revenue Code to adjust certain tax percentages.