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CA SB1349

CA SB1349
Taxation: tax expenditures: Legislative Analyst’s Office: assessment, report, and recommendation.


summary

Introduced
02/20/2026
In Committee
04/28/2026
Crossed Over
Passed
Dead

Introduced Session

2025-2026 Regular Session

Bill Summary

An act to add Section 43 to the Revenue and Taxation Code, relating to taxation.

AI Summary

This bill mandates that the Legislative Analyst's Office (LAO), a non-partisan fiscal advisor to the California Legislature, conduct comprehensive assessments of "major tax expenditures," which are defined as tax breaks costing over $1 billion in foregone revenue over 10 years that lack an end date or performance metrics. The LAO must identify potential savings from reducing or repealing these expenditures, considering their impact on the General Fund (the state's main operating budget) and their cost-effectiveness compared to other policy options, and report its findings and recommendations to specific legislative committees. The bill also requires these committees to hold public hearings on the reports, and it sets deadlines for the LAO to publish its first report by October 15, 2027, and subsequent reports annually thereafter, with the entire process becoming inoperative and repealed after a specified period following the legislative hearings.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (2)

Last Action

Senate Appropriations Hearing (10:00:00 5/4/2026 1021 O Street, Room 2200) (on 05/04/2026)

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