AB 198

  • California Assembly Bill
  • 2017-2018 Regular Session
  • Introduced in Assembly
  • Assembly
  • Senate
  • Governor

Personal income taxes: deductions: first-time home buyers.

Abstract

The Personal Income Tax Law, in modified conformity with federal income tax laws, allows various deductions from gross income in computing adjusted gross income under that law, including deductions for payments to individual retirement accounts, alimony payments, and interest on educational loans. This bill, for taxable years beginning on or after January 1, 2017, and before January 1, 2022, would allow a deduction in computing adjusted gross income for those amounts paid or incurred by a qualified first-time home buyer, as defined, during the taxable year for qualified home-buying expenses, as provided. This bill would take effect immediately as a tax levy.

Bill Sponsors (15)

Votes


No votes to display

Actions


Feb 01, 2018

Assembly

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

Jan 31, 2018

Assembly

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

May 26, 2017

Assembly

In committee: Held under submission.

Apr 26, 2017

Assembly

In committee: Set, first hearing. Referred to APPR. suspense file.

  • Referral-Committee
APPR APPR. suspense file.

Apr 18, 2017

Assembly

Re-referred to Com. on APPR.

  • Referral-Committee
Com. on APPR.

Apr 17, 2017

Assembly

From committee chair, with author's amendments: Amend, and re-refer to Com. on APPR. Read second time and amended.

Mar 21, 2017

Assembly

Re-referred to Com. on APPR.

  • Referral-Committee
Com. on APPR.

Mar 20, 2017

Assembly

Read second time and amended.

Mar 16, 2017

Assembly

From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 6. Noes 1.) (March 13).

Mar 06, 2017

Assembly

Coauthors revised.

Feb 06, 2017

Assembly

Referred to Com. on REV. & TAX.

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

Jan 24, 2017

Assembly

From printer. May be heard in committee February 23.

Jan 23, 2017

Assembly

Read first time. To print.

Bill Text

Bill Text Versions Format
AB198 HTML
01/23/17 - Introduced PDF
03/20/17 - Amended Assembly PDF
04/17/17 - Amended Assembly PDF

Related Documents

Document Format
No related documents.

Sources

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