Charges: health savings accounts: electricity.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Revenue and Taxation
Take action
Record your position on this measure.
Create an account to take a stance, submit a written position, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill, known as the ‘Stop Taxing Us Act of 2025,’ proposes to modify California’s health savings account (HSA) rules. Specifically, it would allow taxpayers to deduct contributions to HSAs starting in 2026, aligning with federal tax law. Furthermore, it would bring California’s HSA rules into conformity with the federal standard, including allowing rollovers from Archer Medical Savings Accounts and health flexible spending arrangements, and addressing penalties related to those rollovers. The bill also repeals existing provisions related to fixed electrical charges and rate increases for residential customers and amends several sections of the Public Utilities Code and Revenue and Taxation Code to align with federal HSA guidelines.
Key provisions
- Allows a deduction for contributions to health savings accounts (HSAs) beginning in 2026.
- Brings California’s HSA rules into conformity with federal tax law.
- Permits rollovers from Archer Medical Savings Accounts and health flexible spending arrangements to HSAs.
- Addresses penalties associated with rollovers from Archer Medical Savings Accounts and health flexible spending arrangements.
- Repeals existing provisions regarding fixed charges and rate increases for electrical service.
- Modifies sections of the Public Utilities Code related to CARE program discounts.
- Amends the Revenue and Taxation Code to align with federal HSA rules.
- Includes provisions regarding eligibility requirements for CARE program participants with high electricity usage.
Who is affected
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
1 on record
Primary sponsor
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours