Senate Revenue and Taxation committee advances package of tax bills; several proposals fail on first votes

The California State Senate Committee on Revenue and Taxation met in session to consider 21 bills covering property-tax relief after disasters, teacher and homeowner tax relief, 529 account rollovers, wildfire mitigation credits and other tax measures. Committee members advanced a package of measures to the Senate Appropriations Committee and set aside or initially rejected several others.

The committee approved measures that would (a) let counties extend the five-year Prop 13 base-year transfer deadline after governor-declared disasters (SB 603), (b) conform California law to the federal Secure Act provision allowing rollovers from 529 college-savings plans to Roth IRAs (SB 657), (c) expand the welfare-property-tax exemption to support moderate‑income rental housing projects (SB 336), and (d) continue a set of targeted tax incentives and clarifications affecting solar & storage, manufacturing, transit, firefighting equipment, and farm-to-food-bank donations. Several bills that drew more contested fiscal questions failed their first roll-call and were put on reconsideration.

Votes at a glance (committee action, result) - SB 267 (Choi) — Teacher classroom-supply tax credit (temporary credit up to $250; proposed 2026–2031): passed to Appropriations (vote 5–0). - SB 268 (Choi) — Exclude disaster settlement payments from state taxable income during emergency period (urgency): passed to Appropriations (5–0). - SB 269 (Choi) — "Fire Safe for Home" tax credit for home hardening/vegetation management (targeted caps and income limits; $50M annual cap): passed to Appropriations (5–0). - SB 529 (Choi) — Tax deduction for contributions to California qualified tuition (529) plans: initial vote failed (2–0) and was placed on reconsideration. - SB 665 (Choi) — Retail theft prevention tax credit for qualifying retailers: failed initial vote (1–4); on call/reconsideration. - SB 666 (Choi) — Residential security…