California AB2186 excludes reparations benefits from state income tax until 2033.

California AB2186 amends the Revenue and Taxation Code to exclude reparations benefits from state income tax for taxable years between 2028 and 2032. This exclusion applies to monetary payments, grants, or other financial compensation provided through federal, state, local, or tribal reparations programs. The exclusion aims to ensure reparations payments are not diminished by state income tax, allowing them to fulfill their intended purpose of providing meaningful compensation. This act remains in effect until December 1, 2033.

California AB2186 excludes reparations benefits from state income tax until 2033.

California AB2186 amends the Revenue and Taxation Code to exclude reparations benefits from state income tax for taxable years between 2028 and 2032. This exclusion applies to monetary payments, grants, or other financial compensation provided through federal, state, local, or tribal reparations programs. The exclusion aims to ensure reparations payments are not diminished by state income tax, allowing them to fulfill their intended purpose of providing meaningful compensation. This act remains in effect until December 1, 2033.