Brian Nestande
- Republican
Author
The Corporation Tax Law allows various credits against the taxes imposed by that law. This bill, for taxable years beginning on or after January 1, 2015, and before January 1, 2020, would allow a credit against the taxes imposed under that law for 50% of monetary contributions to qualified K-College education scholarship organizations, as defined, to fund qualified K-College education scholarships, as defined. The bill would provide that the credit would not exceed $200,000 per taxpayer, that the credit would be awarded on a first-come, first-served basis, and that the credit would have an aggregate cap of $10,000,000 for each calendar year. The bill would require the Franchise Tax Board and the State Department of Education to administer the credit, as specified. This bill would take effect immediately as a tax levy.
From committee without further action.
In committee: Set, second hearing. Held under submission.
In committee: Set, first hearing. Referred to APPR. suspense file.
From committee chair, with author's amendments: Amend, and re-refer to Com. on APPR. Read second time and amended.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (June 25). 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.
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 |
|---|---|
| AB2421 | HTML |
| 02/21/14 - Introduced | |
| 04/01/14 - Amended Assembly | |
| 04/22/14 - Amended Assembly | |
| 06/17/14 - Amended Assembly | |
| 08/04/14 - Amended Assembly |
| Document | Format |
|---|---|
| No related documents. |
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