AB 675

  • California Assembly Bill
  • 2009-2010 Regular Session
  • Introduced in Assembly
  • Assembly
  • Senate
  • Governor

Tax deductions: 529 college savings plans.

Abstract

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, for taxable years beginning on or after January 1, 2009, would allow as a deduction under that law the lesser of (1) the amount contributed by a qualified taxpayer, as defined, to a qualified tuition program, as provided, or (2) $3,000 in the case of a taxpayer who is single or is a married individual filing a separate return, and $6,000 in the case of a taxpayer who is a married individual filing a joint return or an individual filing a head of household return. This bill would take effect immediately as a tax levy.

Bill Sponsors (1)

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Actions


Feb 02, 2010

Assembly

From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.

Jan 31, 2010

Assembly

Died pursuant to Art. IV, Sec. 10(c) of the Constitution.

May 19, 2009

Assembly

In committee: Set, second hearing. Held under submission.

May 04, 2009

Assembly

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

  • Referral-Committee
REV. & TAX. suspense file. REV. & TAX

Mar 23, 2009

Assembly

Referred to Com. on REV. & TAX.

  • Referral-Committee
Com. on REV. & TAX.

Feb 26, 2009

Assembly

From printer. May be heard in committee March 28.

Feb 25, 2009

Assembly

Read first time. To print.

Bill Text

Bill Text Versions Format
AB675 HTML
02/25/09 - Introduced PDF

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Sources

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