Susan Eggman
- Democratic
- Senator
- District 5
Author
The Personal Income Tax Law imposes taxes based upon taxable income at specified rates. This bill would, for taxable years beginning on or after January 1, 2020, impose an additional tax of 1% on income that exceeds $1,000,000, as provided. The bill would deposit the revenues derived from this tax into the Higher Education Assistance Fund, a continuously appropriated fund established by this bill, for the purposes of funding student financial assistance for specified students enrolled at the University of California, the California State University, and the California Community Colleges. This bill would become operative only if ACA 13 of the 2017–18 Regular Session is approved by the voters and becomes operative.
No votes to display
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.
Referred to Coms. on REV. & TAX. and HIGHER ED.
From printer. May be heard in committee March 16.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB2351 | HTML |
| 02/13/18 - Introduced | |
| 03/19/18 - Amended Assembly |
| Document | Format |
|---|---|
| No related documents. |
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