California has extended the exclusion from gross income for grant allocations received by a taxpayer pursuant to the California Microbusiness COVID-19 Relief Program. The extended exclusions apply:
for taxable years beginning on or after January 1, 2020, and before January 1, 2025 (previously, January 1, 2023), for personal income tax purposes; and
for taxable years beginning on or after September 1, 2020, and before January 1, 2025 (previously, January 1, 2023), for corporate tax purposes.
Ch. 196 (S.B. 143), Laws 2023, applicable as noted
