Roderick Wright
- Democratic
Author
The Personal Income Tax Law and the Corporation Tax Law authorize various credits against the taxes imposed by those laws. This bill would, subject to a subsequent act authorizing the total amount of credit, authorize a credit against those taxes for each taxable year beginning on or after January 1, 2011, and before January 1, 2021, in an amount not to exceed 50% of the total capital costs of a project relating to port or harbor activity, as provided. This bill would require the Legislative Analyst to evaluate the effectiveness of this tax credit, as provided. This bill would require the Franchise Tax Board to certify qualifying projects upon making specified findings and the receipt of a resolution, as specified, which determines that there would be sufficient revenues received by the state as a result of the economic impacts of these projects, to offset the costs to the state of providing the tax credits.
Returned to Secretary of Senate pursuant to Joint Rule 56.
Set, second hearing. Failed passage in committee. (Ayes 4. Noes 5. Page 859.) Reconsideration granted.
Set for hearing May 4.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.
Set, first hearing. Hearing canceled at the request of author.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.
Set for hearing April 27.
From printer. May be acted upon on or after March 22.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB830 | HTML |
| 02/18/11 - Introduced | |
| 04/12/11 - Amended Senate | |
| 04/27/11 - Amended Senate |
| Document | Format |
|---|---|
| No related documents. |
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