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SB 1113

Corporate tax: exclusions: qualifying shipping activities.

2025-2026 Regular Session Introduced by Suzette Valladares

California SB 1113 would modify corporation tax policy, currently in early committee assignment stage with specific provisions pending further legislative development.

May 14 hearing: Held in committee and under submission.
#corporatetax #exclusions #qualifyingshippingactivities
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WeVote Research Nonpartisan
Bill Summary · SB 1113

Legislative bill overview

SB 1113 is a newly introduced California bill concerning corporation taxes, currently in the early stages of the legislative process. The bill has just been referred to the Rules Committee for assignment and has not yet been assigned to a substantive committee, so its specific provisions are not yet publicly available in detail.

Why is this important

Corporate tax policy directly affects business investment, state revenue, and California's economic competitiveness. Changes to corporation taxes influence both state budget resources and business decisions about where to operate, making this a consequential fiscal matter.

Potential points of contention

  • Revenue vs. economic growth tradeoffs – Higher corporate taxes increase state revenue but may discourage business investment and relocation to other states
  • Implementation burden – New tax provisions affect compliance costs for businesses and administrative complexity for the Franchise Tax Board
  • Distributional effects – Corporate tax changes have varied impacts across industries, business sizes, and ultimately affect workers and consumers differently

Compiled from official sources — confirm details with the bill’s official record.

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