Cal. Rev. & Tax. Code § 17158.1

Current through the 2023 Legislative Session.
Section 17158.1 - Grant allocations from Microbusiness COVID-19 Relief Program excluded from gross income
(a) For taxable years beginning on or after January 1, 2020, and before January 1, 2025, gross income does not include grant allocations received by a taxpayer pursuant to the California Microbusiness COVID-19 Relief Program that is administered by the Office of Small Business Advocate pursuant to Article 9 (commencing with Section 12100.90) of Chapter 1.6 of Part 2 of Division 3 of Title 2 of the Government Code.
(b) Section 41 shall not apply to the exclusion allowed by this section.

Ca. Rev. and Tax. Code § 17158.1

Amended by Stats 2023 ch 196 (SB 143),s 22, eff. 9/13/2023.
Added by Stats 2021 ch 74 (SB 151),s 20, eff. 7/12/2021.