Bill > AB781

This bill addresses multiple aspects of electricity charges, utility regulations, and tax provisions, with a particular focus on health savings accounts (HSAs) and utility rate structures. Specifically, the bill repeals existing provisions related to fixed electrical charges and income-graduated rate structures, removing requirements for the Public Utilities Commission to establish fixed charges for residential electricity rates. For tax years between 2026 and 2031, the bill allows a deduction for health savings accounts in modified conformity with federal law, enabling taxpayers to deduct cash contributions made to HSAs. The bill also provides provisions for rolling over funds from other medical savings accounts to HSAs and establishes related tax treatment rules. Additionally, the bill modifies several existing sections of the Public Utilities Code and Revenue and Taxation Code, including updates to solar energy initiatives, net metering regulations, and technical changes to how HSA-related tax provisions are applied. The bill is titled the "Stop Taxing Us Act of 2025" and signals legislative intent to potentially reduce and restrict taxes and fees in future legislation, with most of its substantive provisions focused on creating more flexible tax treatments for health savings accounts and adjusting utility regulation frameworks.

Budget and Finance

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB781