ALL. RIGHT GOOD AFTERNOON, AND
WELCOME TO THIS HEARING OF THE
ASSEMBLY COMMITTEE ON REVENUE
AND TAX BEFORE WE TAKE UP OUR
AGENDA. TODAY I AGAIN REMIND
EVERYONE IN THE AUDIENCE MEMBERS
OF THE PUBLIC THAT THE COMMITTEE
IS NOT ACCEPTING REMOTE
TESTIMONY. AS ALWAYS, WE'RE
ACCEPTING WRITTEN TESTIMONY
THROUGH THE POSITION LETTER
PORTAL ON THE COMMITTEE'S
WEBSITE. PLEASE MAKE SURE TO
SUBMIT LETTERS AT LEAST ONE WEEK
PRIOR TO THE COMMITTEE HEARING.
IT LOOKS LIKE WE HAVE A QUORUM
IS HIGHLAND. PLEASE CALL THE
ROLL. IRWIN HERE. WALLACE.
BAINES. GRAYSON. HERE. BUT CHICO
. JIM PATTERSON, PETRIE-NORRIS.
THREE OF US TÂM. VALENCIA.
SUPERB HERE. HERE YOU HAVE A
QUART. ALRIGHT, WE HAVE A QUORUM
. NOW WE HAVE TO HOUSEKEEPING
ANNOUNCEMENTS. UH FILE ITEM ONE.
A CIA 11 HAS BEEN BY
ASSEMBLYMEMBER'S KING HAS BEEN
PULLED FROM TODAY'S HEARING BY
THE AUTHOR. ALSO FILE ITEM THREE
SB 8 90 BY THE SENATE COMMITTEE
ON GOVERNANCE AND FINANCE HAS
BEEN PULLED FROM TODAY'S HEARING
BY THE COMMITTEE. SO WE ARE NOW
WAITING FOR SENATOR NEAL O. ON
OUR ONLY ITEM, WHICH IS FILE
ITEM TO SP 264. HE'S HERE. OH MY
GOSH, THIS IS GOING TO BE THE
FASTEST MEETING EVER. IF YOU
DON'T LIKE OKAY? ALL RIGHT. AS
SOON AS I HEARD MY NAME, I JUST
MATERIALIZE. WELCOME SENATOR.
THANK YOU VERY MUCH. UH, FIRST
OF ALL, IT'S NICE TO BE BACK
HERE AGAIN. I HAVEN'T BEEN IN
THIS ROOM FOR 12 YEARS BRINGS
BACK NICE OLD MEMORIES. SO THANK
YOU. ALSO FOR YOUR CONSIDERATION
OF SB 2 64, WHICH EXTENDS THE
EXISTING SUNSET DATE FOR
DISASTER LOSS DEDUCTION. FROM
JANUARY 2024 TO JANUARY 2029.
THAT DOES IT DOES DISASTER LOSS
DEDUCTION PROVIDES FOR AUTOMATIC
AND IMMEDIATE DISASTER LOSS
RELIEF FOR ANY DISASTER
OCCURRING IN ANY CITY OR COUNTY
IN CALIFORNIA THAT IS PROCLAIMED
BY THE GOVERNOR TO BE IN A STATE
OF EMERGENCY. FROM 1990 UNTIL
2015, THE LEGISLATURE HAD TO
ENACT A DISASTER LOSS RELIEF
LEGISLATION FOR EVERY INDIVIDUAL
SIGNIFICANT DISASTER THAT
OCCURRED IN CALIFORNIA THROUGH
PIECEMEAL LEGISLATION UNTIL
SENATOR WOKE AUTHORED THE
EXISTING PROCESS TODAY, WHICH
WILL END OBVIOUSLY, AT THE END
OF THIS YEAR. I LIKE I'M SURE
MANY OF YOU HAD MAJOR FLOODING
IN MY DISTRICT. PAST WINTER
SEASON WHEN THE STATE OF
EMERGENCY WAS DECLARED GOVERNOR
. NEWSOM HIGHLIGHTED THIS TAX
RELIEF AS QUOTE SUPPORT FOR
CALIFORNIANS WHO HAVE BEEN
IMPACTED BY ONGOING STORMS THAT
BATTERED THE STATE. UH, I WANT
YOU TO KNOW THAT I ACCEPT THE
AMENDMENT THAT'S BEEN PROPOSED.
AND. I HAVE WITH ME, PETER, AND
SO WITH THE CALIFORNIA FARM
BUREAU TO TESTIFY ON BEHALF OF
THE BILL GOOD AFTERNOON, SHE
REMEMBERS. MY NAME IS PETER
ANSEL FROM THE CALIFORNIA FIRM
EURO. EUROZONE MEMBERSHIP LED
ORGANIZATION OF OVER 28,000
FARMERS FROM ALMOST EVERY COUNTY
IN THE STATE OF ON OVER 21,000
CALIFORNIA FARMS AND THE
MAJORITY OF CALIFORNIA FARM
BUREAU MEMBERS. UM OPERATE A
FARM THAT'S ABOUT 400 ACRES.
IT'S ABOUT THE AVERAGE SMALL
SIZED FARM IN THE STATES. OUR
MEMBERSHIP IS VERY REFLECTIVE OF
THE TYPE OF FARM THAT
PREDOMINANTLY OPERATES IN THE
STATE. AND THIS SMALL FARMS ARE
PARAMOUNT, CALIFORNIA LEADING
THE NATION AND OFFERING A
DIVERSE, UM, ABUNDANCE OF
DIFFERENT COMMODITIES, FRUITS,
NUTS AND VEGETABLES.
CALIFORNIA'S FARMERS AND
RANCHERS ARE AT THE FRONT LINE
OF DISASTER IMPACT FROM CLIMATE
BORN EVENTS RANGING FROM FLOOD
DUE TO ATMOSPHERIC RIVERS TO
WILDFIRES FUELED BY TREACHEROUS
FORCED CONDITIONS. REMEMBERS
EXPERIENCED SIGNIFICANT BUSINESS
COSTS. AS WELL, EVERYTHING FROM
INCREASED FUEL COSTS, FERTILIZER
COSTS, INSURANCE CAUSES NO
SURPRISE WATER AND MORE PUTTING
SIGNIFICANT PRESSURES ON FARM
OPERATING MEASURES AND CASH
FLOWS. AND WHEN WILDFIRE AND
FLOOD EVENTS HAPPENS TO FARMERS
, IT'S PROPERTY CROPS AND OTHER
LOSSES THAT STACK UP QUICKLY. AS
YOU CAN SEE, IN THE TWO ARE EBAY
SHIN FLOODING, IT CAN CHANGE
COMMUNITIES AND LANDSCAPES
QUICKLY AND DRASTICALLY. AND IN
THAT BASIN FARMERS HAVE LOST
MORE THAN JUST IRRIGATED LANDS
THAT HAVE BEEN TAKEN OUT OF
PRODUCTION. THEY'VE HAD STRANDED
PROPERTY ASSETS ACROSS HUNDREDS
OF FARMS. AND FORCED ON FARMERS,
UNEXPECTED COSTS. THINGS LIKE
HAVING TO MOVE HUNDREDS OR EVEN
THOUSANDS OF HEADS OF CATTLE. UM
IN A MOMENT'S NOTICE TO, UH TO
DRY, HIGHER GROUND. MANY OF
THESE DISASTER RELATED ECONOMIC
LOSSES ARE NOT REIMBURSED BY
THINGS LIKE CROP INSURANCE AND
SO ACCESSING DISASTER LOSS TAX
RELIEF BECOMES VITAL TO A
FARMER'S ABILITY TO MITIGATE
THOSE LOSSES AND BE ABLE TO
RESTORE SOME SEMBLANCE OF
BALANCE TO THEIR BALANCE SHEETS
TO 64 WILL HELP TO ENSURE THAT
THAT EXISTING PROCESS OF TAX
RELIEF TO FARMERS DOESN'T SUNSET
AT A TIME THAT'S CRITICAL TO
CALIFORNIA'S FARMERS, AND WE
SUPPORT THE BILL BECAUSE IT WILL
NOT ONLY HELP OUT OUR FARMERS
AND FARM WORKERS, BUT THE ENTIRE
COMMUNITIES THAT HAVE BEEN
IMPACTED BY THESE DISASTERS. AND
FOR THAT WE ASK FOR YOUR I VOTE.
VERY GOOD. DO WE HAVE ANY
WITNESSES IN THE ROOM WISHING TO
SPEAK IN SUPPORT? ANY WITNESSES
AND OPPOSITION. QUESTIONS OR
COMMENTS FROM THE COMMITTEE. UH
HUH. SENATOR WOULD YOU LIKE TO
CLOSE? I ASKED FOR YOUR I VOTE.
ALL RIGHT. DO WE HAVE A MOTION
IN A SECOND? ALRIGHT THEN MOVED
BY ASSEMBLYMEMBER'S WALLACE IS
SECONDED BY ASSEMBLYMEMBER'S
BAINES. AND CAN I PLEASE HAVE
SECRETARY DO THE ROLL CALL? THE
MOTION IS DUE PASS AS AMENDED TO
APPROPRIATIONS. IRWIN IRWIN, I,
WALLACE WALLACE. I BEANS, BEANS.
I GRAYSON GRACE AND I PACHECO
SHEKEL. AYE. JIM PATERSON,
PATERSON. I PETRIE-NORRIS
THREE OF US TAR. VALENCIA
SILBERG, I THAT BILL PASSES. ONE
70 ALRIGHT. AND, UH, I'M SORRY.
HE HAS SAID THAT BILL IS OUT. 70
THANK YOU VERY MUCH. THANK YOU,
SENATOR. AND WHY DON'T WE HOLD
THE SINCE WE WENT SO QUICKLY,
WE'LL HOLD THE ROLL. OPEN FOR 10
MINUTES AND THANK YOU MEMBERS
FOR BEING SO PROMPT
.
MR TODD, WOULD YOU LIKE TO ADD
ON YES. SO WHAT IS IT? YOU HAVE
THE SECRETARY CAÑADA SP 264 HAS
PASSED TALL. YES TIÂU ALRIGHT
.
ALRIGHT CAN WE HAVE THE
SECRETARY? PLEASE CALL THE ROLL
FROM HIS RIVAS ON SB 264. THE
BILL HAS PASSED DO PASS AS A
PROBE DO PASS AS A MINUTE TO
APPROPRIATIONS. THREE OF US
THREE OF US, AYE. OH,
MS PETRIE-NORRIS. ON SB 264. THE
BILL HAS PASSED AS AMENDED TO
APPROPRIATIONS PETRIE-NORRIS
PETRIE-NORRIS, AYE.
ASSEMBLY MEMBER VALENCIA
ASSEMBLYMEMBER'S VALENCIA SP 264
BILL HAS PASSED DO PASSES
AMENDED TO APPROPRIATIONS
VALENCIA VALENCIA. I THANK YOU
PROFICIENT. WE WERE TODAY HER
TIME TO LIKE. WITH THAT WE WILL
ADJOURN THIS MEETING VERY
QUICKLY WALKING BACK. I'LL COOK.
YEAH.