Mike Feuer
- Democratic
Author
The Personal Income Tax Law and the Corporation Tax Law allow various deductions in computing the income that is subject to the taxes imposed by those laws. Both laws allow a deduction for ordinary and necessary business expenses, including a deduction for amounts paid or incurred for specified types of punitive damages. This bill, for taxable years beginning on or after January 1, 2012, would, under both laws, disallow the deduction for amounts paid or incurred for punitive damages, as provided. This bill would constitute a change in state statute that would result in a taxpayer paying a higher tax within the meaning of Section 3 of Article XIIIA of the California Constitution, and thus would require for passage the approval of 23 of the membership of each house of the Legislature. This bill would take effect immediately as a tax levy.
Read third time. Refused passage. (Ayes 50. Noes 26. Page 3634.).
From inactive file.
Ordered to third reading.
Notice of intention to remove from inactive file given by Assembly Member Feuer.
Ordered to inactive file at the request of Assembly Member Charles Calderon.
Reconsideration granted. (Page 1944.)
Motion to reconsider made by Assembly Member Feuer.
Read third time. Refused passage. (Ayes 50. Noes 25. Page 1864.).
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 12. Noes 5.) (May 27).
From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 3.) (May 16). Re-referred to Com. on APPR.
In committee: Set, first hearing. Referred to REV. & TAX. suspense file.
From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
From printer. May be heard in committee March 22.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB1276 | HTML |
| 02/18/11 - Introduced | |
| 03/31/11 - Amended Assembly |
| Document | Format |
|---|---|
| No related documents. |
Data on Open States is updated periodically throughout the day from the official website of the California State Legislature.
If you notice any inconsistencies with these official sources, feel free to file an issue.