SB 445

  • California Senate Bill
  • 2009-2010 Regular Session
  • Introduced in Senate Feb 26, 2009
  • Senate
  • Assembly
  • Governor

Income and corporation taxes: credit: manufacturer's investment.

Abstract

The Personal Income Tax Law and the Corporation Tax Law authorize various credits against the taxes imposed by those laws. This bill would, for taxable years beginning on or after January 1, 2009, allow a credit against the taxes imposed by those laws in an amount equal to 6% of the amount paid or incurred by the taxpayer during the taxable year for qualified property, as defined, that is placed in service in this state. This bill would take effect immediately as a tax levy.

Bill Sponsors (1)

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Actions


Feb 01, 2010

Senate

Returned to Secretary of Senate pursuant to Joint Rule 56.

May 13, 2009

Senate

Placed on REV. & TAX. suspense file.

Apr 14, 2009

Senate

Set for hearing May 13.

Mar 12, 2009

Senate

To Com. on REV. & TAX.

Feb 27, 2009

Senate

From print. May be acted upon on or after March 28.

Feb 26, 2009

Senate

Introduced. Read first time. To Com. on RLS. for assignment. To print.

Bill Text

Bill Text Versions Format
SB445 HTML
02/26/09 - Introduced PDF

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Sources

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