AB 2478

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

Personal income taxes: gross income: exclusion: student loan assistance.

Abstract

The Personal Income Tax Law excludes from the gross income of an employee amounts paid or incurred by an employer for educational assistance to the employee, as specified, up to $5,250 during a calendar year. This bill would exclude from the gross income of an employee amounts, not exceeding an aggregate amount of $5,250 per year, that are paid or incurred by an employer on and after January 1, 2018, and before January 1, 2023, for the payment of principal or interest on a qualified education loan, as defined, incurred by the employee. This bill would take effect immediately as a tax levy.

Bill Sponsors (9)

Votes


Actions


May 25, 2018

Assembly

In committee: Held under submission.

May 09, 2018

Assembly

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

  • Referral-Committee
APPR APPR. suspense file.

Apr 30, 2018

Assembly

Re-referred to Com. on APPR.

  • Referral-Committee
Com. on APPR.

Apr 26, 2018

Assembly

Read second time and amended.

Apr 25, 2018

Assembly

From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 1.) (April 23).

Mar 05, 2018

Assembly

Referred to Com. on REV. & TAX.

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

Feb 15, 2018

Assembly

From printer. May be heard in committee March 17.

Feb 14, 2018

Assembly

Read first time. To print.

Bill Text

Bill Text Versions Format
AB2478 HTML
02/14/18 - Introduced PDF
04/26/18 - Amended Assembly PDF

Related Documents

Document Format
No related documents.

Sources

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