SB 1189 California Senate · 2013-2014 Regular Session

Personal income tax: credit: earned income.

Summary

The Personal Income Tax Law allows various credits against the taxes imposed by that law, including certain credits that are allowed in modified conformity to credits allowed by federal income tax laws. This bill would, for taxable years beginning on or after January 1, 2015, and before January 1, 2026, allow a credit based upon earned income that is equal to 15% of the earned income tax credit allowed by federal law. The bill would require the Franchise Tax Board to report to the Legislature regarding the utilization of the tax credit, 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 20, 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

Upper · Passed

Held in committee and under submission.

upper

Apr 29, 2014

Upper · Passed

Read second time and amended. Re-referred to Com. on APPR.

upper

Apr 28, 2014

Upper · Passed

From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 5. Noes 0. Page 3256.) (April 24).

upper

Mar 6, 2014

Committee

Referred to Com. on GOV. & F.

upper

1 primary · 5 co-sponsors