Income tax credits: education and training.
Summary
The Personal Income Tax Law and the Corporation Tax Law authorize various credits against the taxes imposed by those laws. This bill would, for each taxable year beginning on or after January 1, 2010, allow a credit under both laws in an amount equal to 50% of the amount of costs paid or incurred in connection with additional education and training for purposes of career advancement or retention, as specified. This bill would take effect immediately as a tax levy.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2010
Committee Review
Floor Vote
Governor
Introduced Feb 4, 2010
Last action Nov 30, 2010
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
10
Key actions
4
Committee
7
Amendments
1
May 10, 2010
Lower · Passed
In committee: Set, final hearing. Held under submission.
lower
May 5, 2010
Committee
Re-referred to Com. on REV. & TAX.
lower
May 4, 2010
Introduced
From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
lower
May 3, 2010
Committee
In committee: Set, final hearing. Referred to REV. & TAX. suspense file.
lower
Apr 12, 2010
Lower · Passed
In committee: Set, second hearing. Hearing canceled at the request of author.
lower
Mar 22, 2010
Lower · Passed
In committee: Set, first hearing. Hearing canceled at the request of author.
lower
Feb 18, 2010
Committee
Referred to Com. on REV. & TAX.
lower
Feb 5, 2010
Lower · Passed
From printer. May be heard in committee March 7.
lower
1 primary · 5 co-sponsors
Sponsors
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