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AB 1956 California Assembly · 2013-2014 Regular Session

Personal income tax: credit: qualified tuition program.

Summary
The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws. This bill would, for taxable years beginning on or after January 1, 2015, and before January 1, 2020, allow a credit in the amount of 20% of the monetary contributions made to a qualified tuition program, as defined, by a qualified taxpayer, as defined, not to exceed $500. This bill would provide for the payment of a credit amount in excess of tax liability upon an appropriation by the Legislature for that purpose. This bill would take effect immediately as a tax levy.
Bill status failed 1 of 4 stages cleared
Introduction
Feb 2014
Committee Review
Floor Vote
Governor
Introduced Feb 19, 2014 Last action Nov 30, 2014
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
13
Key actions
3
Committee
8
Amendments
1
May 23, 2014
Lower · Passed
In committee: Set, second hearing. Held under submission.
lower
May 21, 2014
Committee
In committee: Set, first hearing. Referred to APPR. suspense file.
lower
May 19, 2014
Committee
Re-referred to Com. on APPR.
lower
May 14, 2014
Lower · Passed
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 7. Noes 1.) (May 13).
lower
Apr 7, 2014
Committee
In committee: Set, first hearing. Referred to REV. & TAX. suspense file.
lower
Apr 2, 2014
Committee
Re-referred to Com. on REV. & TAX.
lower
Apr 1, 2014
Introduced
From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
lower
Mar 3, 2014
Committee
Referred to Com. on REV. & TAX.
lower
Feb 20, 2014
Lower · Passed
From printer. May be heard in committee March 22.
lower
0 primary · 12 co-sponsors

Sponsors

No sponsor information available.