The Personal Income Tax Law, in modified conformity with federal income tax law, imposes taxes on taxable income, as provided.
This bill, for taxable years beginning on or after January 1, 2025, would revise the income tax rates and taxable income brackets by imposing an income tax rate of 3% instead of 4%, increasing as applicable, on specified taxable income.
This bill would take effect immediately as a tax levy.

Statutes affected:
AB 1219: 17041 RTC
02/21/25 - Introduced: 17041 RTC