20250SB__066698AMD INTRODUCED 2025-02-20 AMENDED_SENATE 2025-05-07 2025 SB AMD Introduced by Senator Choi (Coauthors: Senators Alvarado-Gil and Ochoa Bogh) (Coauthor: Assembly Member Wallis) LEAD_AUTHOR SENATE Choi COAUTHOR SENATE Alvarado-Gil COAUTHOR SENATE Ochoa Bogh COAUTHOR ASSEMBLY Wallis

An act to add and repeal

Section 17053.3 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy. taxation, to take effect immediately, tax levy Personal income tax: credit: home security surveillance. The Personal Income Tax Law allows various credits against the taxes imposed by that law.

This bill would allow a credit against those taxes for each taxable year beginning on or after January 1, 2026, and before January 1, 2031, in an amount equal to the amount paid or incurred, not to exceed $250, during the taxable year for the purchase and installation of a security surveillance system at the taxpayer’s principal dwelling or housing unit located in the state.

Existing law requires any bill authorizing a new tax expenditure, as defined, to include tax credits, to contain, among other things, specific goals, purposes, and objectives that the tax credit will achieve, detailed performance indicators, and data collection requirements. This bill would include findings and reporting requirements in compliance with this requirement. This bill would take effect immediately as a tax levy. MAJORITY NO YES NO YES NO YES NO NO NO NO The people of the State of California do enact as follows:

SECTION

Section 17053.3 is added to the Revenue and Taxation Code , to read: 17053.3. (

a) For each taxable year beginning on or after January 1, 2026, and before January 1, 2031, there shall be allowed as a credit against the “net tax,” as defined in

Section 17039, an amount equal to percent of the amount paid or incurred during the taxable year for the purchase and installation of a security surveillance system at the taxpayer’s qualified residence. The credit shall not exceed two hundred and fifty dollars ($250) per taxable year. (

b) For purposes of this section, the following shall apply: (1) “Principal residence” has the same meaning as that term is used in

Section of the Internal Revenue Code. (2) “Qualified residence” means a dwelling or housing unit located in the state that is the taxpayer’s principal residence. (3) “Security surveillance system” means any video, audio, or photographic recording devices, or corresponding security software, installed for the purpose of surveilling or recording activity occurring at the qualified residence. (

c) Each qualified residence shall only be eligible for one credit allowed by this

section per taxable year. In the case of two taxpayers filing a joint return, only one credit may be claimed per qualified residence. If a taxpayer has filed a separate return for a taxable year for which a joint return could have been filed, only one of the taxpayers may claim the credit allowed by this section. (

d) In the case where the credit allowed by this

section exceeds the “net tax,” the excess may be carried over to reduce the “net tax” in the following taxable year, and succeeding eight years if necessary, until the credit is exhausted. (e)

(1) For purposes of complying with

Section 41, the Legislature finds and declares the specific goal, purpose, and objective of the tax credit allowed by this

section is to assist California residents in affording the cost of a home security camera, which is costly to purchase and install. Home security cameras help deter property crime, allow residents to monitor their homes for natural disasters, and improve residents’ overall sense of security.

(2) The performance indicators for the Legislature to use in determining whether the credit achieves the stated objective shall be the number of California taxpayers that receive the credit pursuant to this section.

(3) No later than June 30, 2028, and each June thereafter, the Franchise Tax Board shall submit a report to the Legislature, in accordance with

Section of the Government Code, detailing the number of taxpayers that claimed the tax credit pursuant to this

section for the most recent taxable year. (

f) This

section shall remain in effect only until December 1, 2031, and as of that date is repealed. However, any unused credit may continue to be carried forward, as provided in subdivision (a), until the credit is exhausted.

SEC. 2. This act provides for a tax levy within the meaning of

Article IV of the California Constitution and shall go into immediate effect.