Personal Income Tax Law: cancellation of indebtedness: student loan forgiveness.
Summary
The Personal Income Tax Law provides for various exclusions from gross income. This bill would, for taxable years beginning on or after January 1, 2014, exclude from gross income the amount of student loan indebtedness repaid or canceled pursuant to a specified federal law. This bill would take effect immediately as a tax levy.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2014
Committee Review
Aug 2014
Senate Passage
Apr 2014
Assembly Passage
Aug 2014
Signed into Law
Sep 2014
Introduced Feb 21, 2014
Signed Sep 29, 2014
Floor votes · Senate Apr 21, 2014 · Assembly Aug 30, 2014
How they voted
30–0
Passed · 5 other
Total votes 35
Apr 21, 2014
D
Democratic25
84% Yea
R
Republican10
90% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
36
Key actions
9
Committee
13
Sep 29, 2014
Signed into law
Approved by the Governor.
legislature
Aug 30, 2014
Assembly · Passed
Assembly Vote: pass (63-1-1)
assembly
Aug 29, 2014
Upper · Passed
Assembly amendments concurred in. (Ayes 32. Noes 0. Page 4997.) Ordered to engrossing and enrolling.
upper
Aug 29, 2014
Upper · Passed
From committee: That the Assembly amendments be concurred in. (Ayes 6. Noes 0. Page 5015.)
upper
Aug 29, 2014
Committee
From committee: Be re-referred to Com. on GOV. & F. pursuant to Senate Rule 29.10. (Ayes 4. Noes 0. Page 4995.) Re-referred to Com. on GOV. & F.
upper
Aug 29, 2014
Committee
Re-referred to Com. on RLS. pursuant to Senate Rule 29.10.
upper
Aug 29, 2014
Lower · Passed
From committee: Do pass. (Ayes 9. Noes 0.) (August 29).
lower
Aug 27, 2014
Lower · Passed
From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX.
lower
Aug 26, 2014
Committee
Re-referred to Com. on REV. & TAX. pursuant to Assembly Rule 77.2.
lower
Aug 26, 2014
Committee
Action rescinded whereby the bill was re-referred to the Com. on RLS. pursuant to Assembly Rule 97.
upper
Aug 22, 2014
Committee
Re-referred to Com. on RLS. pursuant to Assembly Rule 97.
lower
Jun 25, 2014
Lower · Passed
From committee: Do pass. (Ayes 14. Noes 0.) (June 23).
lower
May 15, 2014
Committee
Referred to Com. on U. & C.
lower
Apr 21, 2014
Senate · Passed
Senate Vote: pass (30-0-5)
senate
Apr 9, 2014
Upper · Passed
From committee: Do pass. (Ayes 7. Noes 0. Page 3119.) (April 9).
upper
Mar 6, 2014
Committee
Referred to Com. on GOV. & F.
upper
Feb 21, 2014
Introduced
Introduced. To Com. on RLS. for assignment. To print.
upper
1 primary · 1 co-sponsor
Sponsors
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