AB 2426 California Assembly · 2013-2014 Regular Session

Income taxes: education savings accounts.

Summary

The Personal Income Tax Law, in modified conformity with federal income tax laws, allows various deductions in computing the income that is subject to the taxes imposed by that law. This bill would allow as a deduction incomputing adjusted gross income for those amounts contributed to a Coverdell education savings account, up to $750 per taxable year, as provided. 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 21, 2014 Last action Nov 30, 2014

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

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 14, 2014

Lower · Passed

From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (May 13). Re-referred to Com. on APPR.

lower

May 13, 2014

Committee

In committee: Set, first hearing. Referred to REV. & TAX. suspense file.

lower

May 6, 2014

Committee

Re-referred to Com. on REV. & TAX.

lower

May 5, 2014

Introduced

From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.

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 28, 2014

Committee

Referred to Com. on REV. & TAX.

lower

Feb 23, 2014

Lower · Passed

From printer. May be heard in committee March 25.

lower

Feb 21, 2014

Introduced

Introduced. To print.

lower

1 primary · 5 co-sponsors