AB 1670 California Assembly · 2017-2018 Regular Session

Income taxes: credits: qualified developer: affordable housing.

Summary

The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws. This bill would allow a credit against those taxes for each taxable year beginning on or after January 1, 2017, and before January 1, 2022, in an amount equal to 50% of the amount paid or incurred by a taxpayer to a qualified developer during the taxable year for the development of a qualified project, as defined, not to exceed $250,000. This bill would take effect immediately as a tax levy.

Bill status failed 1 of 4 stages cleared

Introduction

Feb 2017

Committee Review

Floor Vote

Governor

Introduced Feb 17, 2017 Last action Feb 1, 2018

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 8, 2017

Lower · Passed

In committee: Set, first hearing. Hearing canceled at the request of author.

lower

Apr 27, 2017

Lower · Passed

From committee: Do pass and re-refer to Com. on REV. & TAX. (Ayes 7. Noes 0.) (April 26). Re-referred to Com. on REV. & TAX.

lower

Apr 19, 2017

Lower · Passed

In committee: Set, first hearing. Hearing canceled at the request of author.

lower

Apr 19, 2017

Committee

Re-referred to Com. on H. & C.D.

lower

Apr 18, 2017

Introduced

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

lower

Mar 29, 2017

Committee

Re-referred to Com. on H. & C.D.

lower

Mar 28, 2017

Introduced

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

lower

Mar 27, 2017

Committee

Re-referred to Coms. on H. & C.D. and REV. & TAX. pursuant to Assembly Rule 96.

lower

Mar 27, 2017

Committee

Referred to Coms. on REV. & TAX. and H. & C.D.

lower

Feb 19, 2017

Lower · Passed

From printer. May be heard in committee March 21.

lower

1 primary · 0 co-sponsors