Bill > AB27

This bill creates a tax exclusion for payments related to the Chiquita Canyon elevated temperature landfill event, which began on May 1, 2022, in Los Angeles County, California. Specifically, for tax years between January 1, 2024, and January 1, 2029, individuals and corporations can exclude from their gross income any payments received on or after March 1, 2024, as compensation for losses, damages, expenses, relocation costs, property value decline, closing costs, and other inconveniences resulting from the landfill event. These payments can come from federal, state, or local government agencies, or from Waste Connections, Inc. (the landfill operator) or its subsidiaries, insurers, or agents. Taxpayers must be prepared to provide documentation to the Franchise Tax Board if requested. The bill includes specific goals of providing relief to affected individuals and sets performance indicators, such as tracking the number of taxpayers claiming the exclusion and the total amount of related payments. The tax exclusion will become inoperative on December 1, 2029, and the bill takes effect immediately as a tax levy.

Budget and Finance

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB27