SB-1287 • 2026

Personal Income Tax Law: Corporation Tax Law: credits: shortline railroad expenditures and railroad infrastructure.

Taxes

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Hurtado
Last action: 2026-05-14
Official status: May 14 hearing: Held in committee and under submission.
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Personal Income Tax Law: Corporation Tax Law: credits: shortline railroad expenditures and railroad infrastructure.

SB 1287, as amended, Hurtado.

What This Bill Does

SB 1287, as amended, Hurtado.
Personal Income Tax Law: Corporation Tax Law: credits: shortline railroad expenditures and railroad infrastructure.
The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws.
This bill, the Shortline Railroad Modernization Act of 2026, would allow credits against those taxes for each taxable year beginning on or after January 1, 2026, 2027, and before January 1, 2032, to a qualified taxpayer in an amount equal to 50% of the qualified shortline railroad expenditures and for each taxable year beginning on or after January 1, 2028, and before January 1, 2033, in an amount equal to 50% of the qualified new rail infrastructure expenditures, as defined and specified.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-05-14 California Legislative Information
May 14 hearing: Held in committee and under submission.
2026-05-08 California Legislative Information
Set for hearing May 14.
2026-05-04 California Legislative Information
May 4 hearing: Placed on APPR. suspense file.
2026-04-24 California Legislative Information
Set for hearing May 4.
2026-04-22 California Legislative Information
From committee: Do pass and re-refer to Com. on APPR. (Ayes 12. Noes 0. Page 3985.) (April 21). Re-referred to Com. on APPR.
2026-04-14 California Legislative Information
Set for hearing April 21.
2026-04-09 California Legislative Information
Read second time and amended. Re-referred to Com. on TRANS.
2026-04-08 California Legislative Information
From committee: Do pass as amended and re-refer to Com. on TRANS. (Ayes 5. Noes 0. Page 3795.) (April 8).
2026-03-25 California Legislative Information
Set for hearing April 8.
2026-03-04 California Legislative Information
Referred to Coms. on REV. & TAX. and TRANS.
2026-02-23 California Legislative Information
Read first time.
2026-02-23 California Legislative Information
From printer. May be acted upon on or after March 23.
2026-02-20 California Legislative Information
Introduced. To Com. on RLS. for assignment. To print.

Official Summary Text

SB 1287, as amended, Hurtado.
Personal Income Tax Law: Corporation Tax Law: credits: shortline railroad expenditures and railroad infrastructure.
The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws.
This bill, the Shortline Railroad Modernization Act of 2026, would allow credits against those taxes for each taxable year beginning on or after January 1,
2026,
2027, and before January 1, 2032,
to a qualified taxpayer in an amount equal to 50% of the qualified shortline railroad expenditures and
for each taxable year beginning on or after January 1, 2028, and before January 1, 2033, in an amount equal to
50% of the qualified new
rail infrastructure expenditures, as defined and specified.
Existing law requires a bill authorizing a new tax expenditure to contain, among other things, specific goals, purposes, and objectives the tax expenditure will achieve, detailed performance indicators, and data collection requirements.
This bill would include additional information required for any bill authorizing a new tax expenditure.
This bill would take effect immediately as a tax levy.

Current Bill Text

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