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SB 30 California Senate · 2013-2014 Regular Session

Taxation: cancellation of indebtedness: mortgage debt forgiveness.

Summary
The Personal Income Tax Law conforms to specified provisions of the federal Mortgage Forgiveness Debt Relief Act of 2007, relating to the exclusion of the discharge of qualified principal residence indebtedness, as defined, from a taxpayer's income if that debt is discharged after January 1, 2007, and before January 1, 2010, as provided. The federal Emergency Economic Stabilization Act of 2008 extended the operation of those provisions to debt that is discharged before January 1, 2013. This bill would extend the operation of the exclusion of the discharge of qualified principal residence indebtedness to debt that is discharged on or after January 1, 2013, and before January 1, 2014. The bill would become operative only if SB 391 is enacted and takes effect. This bill would declare that it is to take effect immediately as an urgency statute.
Bill status failed 3 of 5 stages cleared
Introduction
Dec 2012
Committee Review
Aug 2013
Senate Passage
Jun 2013
Assembly Passage
Governor
Introduced Dec 3, 2012 Last action Nov 30, 2014
Floor votes · Senate Jun 20, 2013

How they voted

32–0
Passed · 3 other
Total votes 35
Jun 20, 2013
D Democratic26
23 Yea 3
88% Yea
R Republican9
9 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
32
Key actions
8
Committee
11
Amendments
2
Aug 30, 2013
Lower · Passed
Set, second hearing. Held in committee and under submission.
lower
Aug 21, 2013
Committee
Set, first hearing. Referred to APPR. suspense file.
lower
Aug 13, 2013
Lower · Passed
Read second time and amended. Re-referred to Com. on APPR.
lower
Aug 12, 2013
Lower · Passed
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (August 12).
lower
Aug 12, 2013
Committee
Set, first hearing. Referred to REV. & TAX. suspense file.
lower
Jun 24, 2013
Committee
Referred to Com. on REV. & TAX.
lower
Jun 20, 2013
Senate · Passed
Senate Vote: pass (32-0-3)
senate
Jun 20, 2013
Introduced
Amendments by Senator Anderson tabled on motion of Senator Corbett. (Ayes 23. Noes 12. Page 1459.)
upper
May 30, 2013
Upper · Passed
From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
upper
May 29, 2013
Committee
Re-referred to Com. on RLS.
upper
May 24, 2013
Upper · Passed
From committee: Do pass as amended. (Ayes 7. Noes 0. Page 1005.) (May 23).
upper
Mar 13, 2013
Upper · Passed
From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 0. Page 290.) (March 13). Re-referred to Com. on APPR.
upper
Mar 6, 2013
Upper · Passed
From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.
upper
Jan 10, 2013
Committee
Referred to Com. on GOV. & F.
upper
0 primary · 8 co-sponsors

Sponsors

No sponsor information available.