Jimmy Gomez
- Democratic
Author
The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws. This bill would allow a credit against those taxes for each taxable year beginning on or after January 1, 2017, and before January 1, 2022, in an amount equal to 50% of the amount paid or incurred by a taxpayer to a qualified developer during the taxable year for the development of a qualified project, as defined, not to exceed $250,000. This bill would take effect immediately as a tax levy.
From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
In committee: Set, first hearing. Hearing canceled at the request of author.
From committee: Do pass and re-refer to Com. on REV. & TAX. (Ayes 7. Noes 0.) (April 26). Re-referred to Com. on REV. & TAX.
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 H. & C.D. Read second time and amended.
From committee chair, with author's amendments: Amend, and re-refer to Com. on H. & C.D. Read second time and amended.
Re-referred to Coms. on H. & C.D. and REV. & TAX. pursuant to Assembly Rule 96.
Referred to Coms. on REV. & TAX. and H. & C.D.
From printer. May be heard in committee March 21.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB1670 | HTML |
| 02/17/17 - Introduced | |
| 03/28/17 - Amended Assembly | |
| 04/18/17 - Amended Assembly |
| Document | Format |
|---|---|
| No related documents. |
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