Section 24311 - California Microbusiness COVID-19 Relief Program grant allocations not gross income(a) For taxable years beginning on or after September 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 § 24311
Amended by Stats 2023 ch 196 (SB 143),s 23, eff. 9/13/2023.Added by Stats 2021 ch 256 (AB 176),s 24, eff. 9/23/2021.