Sharon Quirk-Silva
- Democratic
- Assemblymember
- District 67
Author
Existing law allows a credit against the taxes imposed under the Corporation Tax Law and the Personal Income Tax Law for each taxable year beginning on or after January 1, 2014, and before January 1, 2025, in an amount as provided in a written agreement between the Governor's Office of Business and Economic Development and the taxpayer, agreed upon by the California Competes Tax Credit Committee, and based on specified factors, including the number of jobs the taxpayer will create or retain in the state and the amount of investment in the state by the taxpayer. Existing law limits the aggregate amount of credits allocated to taxpayers to a specified sum per fiscal year. This bill would authorize the Director of Finance to increase the aggregate amount of the economic development credits that may be allocated to taxpayers each fiscal year by $25 million per fiscal year through the 2017–18 fiscal year. This bill would declare that it is to take effect immediately as an urgency statute.
Chaptered by Secretary of State - Chapter 378, Statutes of 2014.
Approved by the Governor.
Enrolled and presented to the Governor at 4 p.m.
Assembly Rule 77 suspended. (Page 6734.)
In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 31 pursuant to Assembly Rule 77.
Read third time. Urgency clause adopted. Passed. Ordered to the Assembly. (Ayes 33. Noes 0. Page 4989.).
Ordered to third reading.
From committee: Do pass. (Ayes 6. Noes 0.) (August 29).
From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 0.) (August 29). Re-referred to Com. on APPR.
Urgency clause adopted. Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 73. Noes 2. Page 6734.).
Assembly Rule 63 suspended. (Page 6734.)
Joint Rule 61 suspended. (Page 4952.)
Joint Rule 62(a), file notice suspended. (Page 4952.)
Pursuant to Joint Rule 33.1,
Senate Rule 29.3(b) suspended. (Page 4905.)
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on RLS.
Read second time. Ordered to third reading.
Assembly Rule 63 suspended. (Page 6193.)
Read third time. Passed. Ordered to the Senate. (Ayes 74. Noes 2. Page 6193.)
In Senate. Read first time. To Com. on RLS. for assignment.
Read second time and amended. Ordered to second reading.
From committee: Do pass as amended. (Ayes 17. Noes 0.) (August 14).
In committee: Set, first hearing. Referred to APPR. suspense file.
Joint Rule 62(a), file notice suspended. (Page 5998.)
In committee: Set, first hearing. Referred to REV. & TAX. suspense file.
Joint Rule 62(a), file notice suspended. (Page 5962.)
From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (August 11). Re-referred to Com. on APPR.
From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
Joint Rule 62(a), file notice suspended. (Page 5915.)
Re-referred to Com. on REV. & TAX. pursuant to Assembly Rule 96.
From committee chair, with author's amendments: Amend, and re-refer to Com. on HEALTH. Read second time and amended.
In committee: Set, second hearing. Hearing canceled at the request of author.
In committee: Set, first hearing. Hearing canceled at the request of author.
From committee chair, with author's amendments: Amend, and re-refer to Com. on HEALTH. Read second time and amended.
From committee chair, with author's amendments: Amend, and re-refer to Com. on HEALTH. Read second time and amended.
From printer. May be heard in committee March 1.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB1560 | HTML |
| 01/29/14 - Introduced | |
| 03/05/14 - Amended Assembly | |
| 04/02/14 - Amended Assembly | |
| 07/03/14 - Amended Assembly | |
| 08/07/14 - Amended Assembly | |
| 08/18/14 - Amended Assembly | |
| 08/27/14 - Amended Senate | |
| 09/04/14 - Enrolled | |
| 09/17/14 - Chaptered |
| 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.