Kevin Mullin
- Democratic
Author
The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws, including a credit for a percentage of specified research expenses. These laws, in modified conformity, apply the provisions of the Internal Revenue Code, relating to the election of alternative incremental credit. These laws provide that the provisions of the Internal Revenue Code relating to election of alternative simplified credit shall not apply. This bill would, for taxable years beginning on or after January 1, 2015, not apply the provisions of the Internal Revenue Code, relating to the election of alternative incremental credit. This bill would, for taxable years beginning on or after January 1, 2015, and before January 1, 2022, apply the provisions of the Internal Revenue Code, relating to election of alternative simplified credit in modified conformity, and for taxable years beginning on or after January 1, 2015, would apply the provisions of the Internal Revenue Code, relating to the inclusion of qualified research expenses and gross receipts of an acquired person and aggregation of expenditures. 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.
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 9. Noes 0.) (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 committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
Read first time.
From printer. May be heard in committee March 25.
Introduced. To print.
| Bill Text Versions | Format |
|---|---|
| AB2330 | HTML |
| 02/21/14 - Introduced | |
| 04/28/14 - Amended Assembly | |
| 04/30/14 - Amended Assembly | |
| 05/15/14 - Amended Assembly |
| Document | Format |
|---|---|
| No related documents. |
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