Kansen Chu
- Democratic
Author
The Personal Income Tax Law allows various credits against the tax imposed by that law, including for a qualified renter, defined as an individual who rented and occupied premises in this state which constituted his or her principal place of residence during at least 50% of the taxable year, in a specified amount based on adjusted gross income, as provided. This bill would allow, for each taxable year beginning on or after January 1, 2016, and before January 1, 2019, a credit in an amount equal to the increase in rent of a qualified residence in specified counties for the taxable year compared to the previous taxable year that is paid or incurred by a qualified taxpayer, which is defined as a senior citizen meeting a certain low-income requirements. This bill would take effect immediately as a tax levy.
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From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
Died pursuant to Article IV, Sec. 10(c) of the Constitution.
In committee: Set, first 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.
From printer. May be heard in committee March 28.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB697 | HTML |
| 02/25/15 - Introduced | |
| 03/26/15 - Amended Assembly |
| Document | Format |
|---|---|
| No related documents. |
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