Mimi Walters
- Republican
Author
The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws, including a credit in an amount equal to $3,000 for each full-time employee hired during the taxable year by a qualified employer, as defined. Existing law limits the total amount of credit that may be allocated under those provisions to $400,000,000. This bill would reduce the total amount of credit that may be allocated under those provisions to $375,000,000. This bill would allow a credit against the taxes imposed by the Personal Income Tax Law and the Corporation Tax Law in an amount equal to $3,000 for each disabled veteran, as defined, hired as a qualified full-time employee during the taxable year by a qualified employer, as defined. This bill would limit the total amount of credit that may be allocated under those provisions to $25,000,000. This bill would include 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.
Set, second hearing. Held in committee and under submission.
Set, first hearing. Referred to APPR. suspense file.
Read second time and amended. Re-referred to Com. on APPR.
Assembly Rule 56 suspended.
Joint Rule 62(a) file notice suspended.
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 6. Noes 2.) (July 2).
From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX.
Placed on REV. & TAX. suspense file.
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 39. Noes 0. Page 3646.) Ordered to the Assembly.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 7. Noes 0. Page 3592.) (May 24).
Set for hearing May 24.
Placed on APPR. suspense file.
Set for hearing May 21.
Read second time and amended. Re-referred to Com. on APPR.
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 8. Noes 0. Page 3458.) (May 9).
Set for hearing May 9.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
From printer. May be acted upon on or after March 24.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB1179 | HTML |
| 02/22/12 - Introduced | |
| 04/10/12 - Amended Senate | |
| 05/15/12 - Amended Senate | |
| 06/21/12 - Amended Assembly | |
| 08/07/12 - Amended Assembly |
| Document | Format |
|---|---|
| No related documents. |
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