SB 150

  • California Senate Bill
  • 2015-2016 Regular Session
  • Introduced in Senate Jan 29, 2015
  • Passed Senate Sep 01, 2015
  • Passed Assembly Sep 11, 2015
  • Signed by Governor Oct 08, 2015

Personal Income Tax Law: exclusion: student loan debt forgiveness.

Abstract

The Personal Income Tax Law provides for various exclusions from gross income, including an exclusion for the amount of student loan indebtedness repaid or canceled pursuant to a specified federal law. This bill would exclude from gross income the amount of student loan indebtedness discharged on or after January 1, 2015, and before January 1, 2020, for an eligible individual who is granted a discharge under specified conditions, as provided. This bill would take effect immediately as a tax levy.

Bill Sponsors (12)

Votes


Actions


Oct 08, 2015

California State Legislature

Chaptered by Secretary of State. Chapter 650, Statutes of 2015.

California State Legislature

Approved by the Governor.

Sep 17, 2015

California State Legislature

Enrolled and presented to the Governor at 4:45 p.m.

Sep 11, 2015

Assembly

Read third time. Passed. (Ayes 79. Noes 0. Page 3176.) Ordered to the Senate.

Assembly

Read second time and amended. Ordered to third reading.

Assembly

From committee: Do pass as amended. (Ayes 16. Noes 0.) (September 11).

Assembly

Assembly Rule 63 suspended.

Assembly

From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (September 11). Re-referred to Com. on APPR.

  • Referral-Committee
  • Committee-Passage-Favorable
  • Committee-Passage
Com. on APPR.

Assembly

Joint Rule 62(a) suspended.

Assembly

September 11 hearing: Placed on REV. & TAX. suspense file.

Senate

Assembly amendments concurred in. (Ayes 40. Noes 0. Page 2776.) Ordered to engrossing and enrolling.

Senate

In Senate. Concurrence in Assembly amendments pending.

Sep 10, 2015

Assembly

Joint Rule 61(a) suspended. (Ayes 75. Noes 0. Page 3102.)

Assembly

(Ayes 77. Noes 0. Page 2103.)

Assembly

Art. IV. Sec. 8(b) of the Constitution dispensed with.

Assembly

Referred to Com. on REV. & TAX.

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

Sep 01, 2015

Senate

Read third time. Passed. (Ayes 39. Noes 0. Page 2363.) Ordered to the Assembly.

Assembly

In Assembly. Read first time. Held at Desk.

Aug 31, 2015

Senate

Read second time. Ordered to third reading.

Aug 27, 2015

Senate

From committee: Do pass. (Ayes 7. Noes 0. Page 2216.) (August 27).

Aug 21, 2015

Senate

Set for hearing August 27.

Jul 13, 2015

Senate

July 13 hearing: Placed on APPR. suspense file.

Jul 03, 2015

Senate

Set for hearing July 13.

Jul 01, 2015

Senate

From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 0. Page 1733.) (July 1). Re-referred to Com. on APPR.

  • Referral-Committee
  • Committee-Passage-Favorable
  • Committee-Passage
Com. on APPR.

Jun 22, 2015

Senate

From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.

  • Referral-Committee
  • Reading-2
  • Amendment-Passage
  • Committee-Passage
  • Reading-1
Com. on GOV. & F.

Jun 18, 2015

Senate

June 24 hearing postponed by committee.

Jun 16, 2015

Senate

Set for hearing June 24.

Jun 09, 2015

Senate

June 17 set for first hearing canceled at the request of author.

Senate

Set for hearing June 17.

Jun 04, 2015

Senate

From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.

  • Referral-Committee
  • Reading-2
  • Amendment-Passage
  • Committee-Passage
  • Reading-1
Com. on GOV. & F.

May 28, 2015

Senate

Re-referred to Com. on GOV. & F.

  • Referral-Committee
Com. on GOV. & F.

May 14, 2015

Senate

From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.

  • Referral-Committee
  • Reading-2
  • Amendment-Passage
  • Committee-Passage
  • Reading-1
Com. on RLS.

Feb 19, 2015

Senate

Referred to Com. on RLS.

  • Referral-Committee
Com. on RLS.

Jan 30, 2015

Senate

From printer. May be acted upon on or after March 1.

Jan 29, 2015

Senate

Introduced. Read first time. To Com. on RLS. for assignment. To print.

Bill Text

Bill Text Versions Format
SB150 HTML
01/29/15 - Introduced PDF
05/14/15 - Amended Senate PDF
06/04/15 - Amended Senate PDF
06/22/15 - Amended Senate PDF
09/11/15 - Amended Assembly PDF
09/16/15 - Enrolled PDF
10/08/15 - Chaptered PDF

Related Documents

Document Format
No related documents.

Sources

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