Bonilla
Author
The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws. This bill would, for taxable years beginning on or after January 1, 2015, and before January 1, 2020, allow a credit in the amount of 20% of the monetary contributions made to a qualified tuition program, as defined, by a qualified taxpayer, as defined, not to exceed $500. This bill would provide for the payment of a credit amount in excess of tax liability upon an appropriation by the Legislature for that purpose. This bill would take effect immediately as a tax levy.
From committee without further action.
In committee: Set, second hearing. Held under submission.
Joint Rule 62(a), file notice suspended. (Page 5065.)
In committee: Set, first hearing. Referred to APPR. suspense file.
Read second time and amended.
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 7. Noes 1.) (May 13).
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 |
|---|---|
| AB1956 | HTML |
| 02/19/14 - Introduced | |
| 04/01/14 - Amended Assembly | |
| 05/15/14 - Amended Assembly |
| Document | Format |
|---|---|
| No related documents. |
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