AB 209

  • California Assembly Bill
  • 2015-2016 Regular Session
  • Introduced in Assembly
  • Assembly
  • Senate
  • Governor

Tax deductions: 529 college savings plans.

Abstract

The Personal Income Tax Law, in modified conformity with federal income tax laws, allows various deductions in computing the income that is subject to the taxes imposed by that law. This bill, for taxable years beginning on or after January 1, 2015, would allow as a deduction under that law the lesser of (1) the amount contributed by a qualified taxpayer, as defined, to a qualified tuition program, as specified, or (2) $3,000 in the case of a qualified taxpayer who is single or is a married individual filing a separate return, and $6,000 in the case of a qualified taxpayer who is a married individual filing a joint return or an individual filing a head of household return. This bill would take effect immediately as a tax levy.

Bill Sponsors (8)

Votes


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Actions


Feb 01, 2016

Assembly

From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.

Jan 31, 2016

Assembly

Died pursuant to Article IV, Sec. 10(c) of the Constitution.

May 18, 2015

Assembly

Retained in suspense file.

Apr 13, 2015

Assembly

In committee: Set, second hearing. Referred to REV. & TAX. suspense file.

  • Referral-Committee
REV. & TAX REV. & TAX. suspense file.

Mar 23, 2015

Assembly

In committee: Set, first hearing. Hearing canceled at the request of author.

Feb 09, 2015

Assembly

Referred to Com. on REV. & TAX.

  • Referral-Committee
Com. on REV. & TAX.

Feb 03, 2015

Assembly

From printer. May be heard in committee March 5.

Feb 02, 2015

Assembly

Read first time. To print.

Bill Text

Bill Text Versions Format
AB209 HTML
02/02/15 - Introduced PDF

Related Documents

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Sources

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