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AB 97 seeks tax exemption for Bobcat Fire settlements; committee refers bill to suspense
2665765 · March 17, 2025
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Summary
Assemblymember Bill Lackey presented AB 97 to exempt settlement payments arising from the 2020 Bobcat Fire from state income tax; supporters said the payments are intended to reimburse losses and should not be taxed; committee referred the bill to the suspense file.
Assemblymember Bill Lackey presented AB 97, which would exempt from California income tax settlement payments made to victims of the 2020 Bobcat Fire.
Lackey told the committee the Bobcat Fire destroyed more…
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