Tim Donnelly
- Republican
Author
The Personal Income Tax Law and the Corporation Tax Law authorize various deductions in computing income that is subject to tax under those laws. This bill would allow as a deduction, under both of those laws for taxable years beginning on or after January 1, 2015, the amount of any loss of the fair market value of any tangible personal property located in California that is attributable to a rule, regulation, or statute that took effect in the taxable year in which the deduction is claimed, as provided. This bill would take effect immediately as a tax levy.
No votes to display
From committee without further action.
In committee: Set, final hearing. Held under submission.
In committee: Referred to REV. & TAX. suspense file.
In committee: Set, second hearing. Hearing canceled at the request of author.
From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
In committee: Set, first hearing. Hearing canceled at the request of author.
From printer. May be heard in committee March 14.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB1651 | HTML |
| 02/11/14 - Introduced | |
| 04/02/14 - Amended Assembly |
| Document | Format |
|---|---|
| No related documents. |
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