Hannah-Beth Jackson
- Democratic
Author
The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws. This bill, for taxable years beginning on and after January 1, 2016, and before January 1, 2021, would allow a credit in the amount of 30% of the costs of startup expenses for child care programs, constructing a child care facility, providing child care information and referral services, and contributing to a qualified care plan, as defined. The bill would authorize, in the case where the credit allowed for the taxable year exceeds the "net tax" or "tax" the excess to be carried over to reduce the "net tax" or "tax" in the following year, and the succeeding 7 years if necessary, as specified. The bill would also require the Franchise Tax Board to report to the Legislature on the effectiveness of these credits, as specified. This bill would take effect immediately as a tax levy.
August 27 hearing: Held in committee and under submission.
Joint Rule 62(a) suspended.
August 26 set for first hearing. Placed on APPR. suspense file.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on APPR.
Read second time and amended. Re-referred to Com. on APPR.
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (July 13).
(Received at desk July 17 pursuant to JR 61(a)(10))
July 13 set for first hearing. Placed on REV. & TAX. suspense file.
June 29 hearing postponed by committee.
Read third time. Passed. (Ayes 40. Noes 0. Page 1256.) Ordered to the Assembly.
In Assembly. Read first time. Held at Desk.
Read second time and amended. Ordered to third reading.
From committee: Do pass as amended. (Ayes 7. Noes 0. Page 1158.) (May 28).
Set for hearing May 28.
May 26 hearing: Placed on APPR. suspense file.
Joint Rule 62(a) suspended.
Set for hearing May 26.
Read second time and amended. Re-referred to Com. on APPR.
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 6. Noes 0. Page 920.) (May 6).
Set for hearing May 6.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
From printer. May be acted upon on or after April 1.
Read first time.
Introduced. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB670 | HTML |
| 02/27/15 - Introduced | |
| 04/23/15 - Amended Senate | |
| 05/13/15 - Amended Senate | |
| 06/01/15 - Amended Senate | |
| 08/18/15 - Amended Assembly | |
| 08/20/15 - Amended Assembly |
| Document | Format |
|---|---|
| No related documents. |
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