Brian Maienschein
- Democratic
- Assemblymember
- District 76
Author
The Personal Income Tax Law and the Corporation Tax Law authorize various credits against the taxes imposed by those laws. This bill, under both laws, for taxable years beginning on or after January 1, 2018, and before January 1, 2023, would allow as a credit against those taxes an amount equal to 50% of the qualified amount paid or incurred, not to exceed $10,000, to a robotics club at a school in California during the taxable year. The bill would limit the aggregate amount of these credits to be allocated in each calendar year to up to $1,000,000. The bill would require the Franchise Tax Board to allocate and certify these tax credits to taxpayers on a first-come-first-served basis. 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: Held under submission.
In committee: Set, first hearing. Referred to APPR. suspense file.
Read second time and amended.
From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 7. Noes 2.) (April 17).
In committee: Hearing postponed by committee.
In committee: Hearing postponed by committee.
Coauthors revised.
From printer. May be heard in committee March 17.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB624 | HTML |
| 02/14/17 - Introduced | |
| 04/25/17 - Amended Assembly |
| Document | Format |
|---|---|
| No related documents. |
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