Small Business COVID-19 Relief Grant Programįor taxable years beginning on or after January 1, 2020, and before January 1, 2030, California allows an exclusion from gross income for grant allocations received by a taxpayer pursuant to the COVID-19 Relief Grant under Executive Order No. California law does not conform to this federal provision.įor more information, see Schedule CA (540) instructions and business entity booklets. The ARPA allows an exclusion from gross income for restaurant revitalization grants awarded to eligible entities that are used for allowable expenses for the covered period. California Venues Grantįor taxable years beginning on or after September 1, 2020, and before January 1, 2030, California law allows an exclusion from gross income for grant allocations received by a taxpayer pursuant to the California Venues Grant Program that is administered by CalOSBA.įor more information, see R&TC Section 1712. California does not conform to this federal provision.įor more information, see Schedule CA (540) instructions and business entity booklets. The CAA, 2021, enacted on December 27, 2020, allows an exclusion from gross income for grants received by shuttered venue operators. California Microbusiness COVID-19 Relief Grantįor taxable years beginning on or after January 1, 2020, and before January 1, 2023, California law allows an exclusion from gross income for grant allocations received by a taxpayer pursuant to the California Microbusiness COVID-19 Relief Program administered by the Office of Small Business Advocate (CalOSBA).įor more information, see R&TC Section 17158.1. For specific adjustments due to the following acts, see the Schedule CA (540) instructions. Setting Every Community Up for Retirement Enhancement (SECURE) Act (enacted on December 20, 2019)Ĭalifornia taxpayers continue to follow the Internal Revenue Code (IRC) as of the specified date of January 1, 2015, with modifications. Coronavirus Aid, Relief, and Economic Security (CARES) Act (enacted on March 27, 2020).Consolidated Appropriations Act (CAA), 2021 (enacted on December 27, 2020).In general, California Revenue and Taxation Code (R&TC) does not conform to the changes under the following federal acts: Expanded Definition of Qualified Higher Education Expensesįor taxable years beginning on or after January 1, 2021, California law conforms to the expanded definition of qualified higher education expenses associated with participation in a registered apprenticeship program and payment on the principal or interest of a qualified education loan under the federal Further Consolidated Appropriations Act, 2020. CA law does not conform to this change under the federal ARPA.įor more information, see Schedule CA (540) instructions. The ARPA of 2021 enacted on March 11, 2021, temporarily increases the amount of the exclusion from gross income from $5,000 to $10,500 for employer-provided dependent care assistance (and half of that amount for married filing separate). Employer-Provided Dependent Care Assistance ExclusionĬalifornia conforms to the employer-provided dependent care assistance exclusion from gross income as of the specified date of January 1, 2015, without any modifications. California law does not conform to this federal provision.įor more information, see Schedule CA (540) instructions. ARPA effects the COBRA coverage period beginning on Apand ending on September 30, 2021. The American Rescue Plan Act (ARPA) of 2021, enacted on March 11, 2021, allows an exclusion from gross income for COBRA premium assistance subsidies received by eligible individuals.
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