SB 141

  • California Senate Bill
  • 2017-2018 Regular Session
  • Introduced in Senate Jan 13, 2017
  • Passed Senate Apr 06, 2017
  • Passed Assembly Jun 29, 2017
  • Signed by Governor Jul 17, 2017

Personal income taxes: exclusion: loan discharge.

Abstract

The Personal Income Tax Law provides for various exclusions from gross income, including an exclusion for the amount of student loan indebtedness discharged on or after January 1, 2015, and before January 1, 2020, for an eligible individual who is granted a discharge of any student loan pursuant to special provisions of the William D. Ford Federal Direct Loan Program Borrower's Rights and Responsibilities Statement because the individual could not complete a program of study due to the school closing or because the individual successfully asserts that the school did something wrong or failed to do something that it should have done. This bill would replace the reference to those provisions of the William D. Ford Federal Direct Loan Program Borrower's Rights and Responsibilities Statement to instead refer to the relevant sections in the Code of Federal Regulations that govern the above-referenced exclusion for discharged student loans.

Bill Sponsors (1)

Votes


Actions


Jul 17, 2017

California State Legislature

Approved by the Governor.

California State Legislature

Chaptered by Secretary of State. Chapter 71, Statutes of 2017.

Jul 05, 2017

California State Legislature

Enrolled and presented to the Governor at 12:30 p.m.

Jun 29, 2017

Senate

In Senate. Ordered to engrossing and enrolling.

Assembly

Read third time. Passed. (Ayes 72. Noes 0. Page 2405.) Ordered to the Senate.

Jun 22, 2017

Assembly

Read second time. Ordered to third reading.

Jun 21, 2017

Assembly

From committee: Do pass. (Ayes 9. Noes 0.) (June 19).

May 18, 2017

Assembly

Referred to Com. on REV. & TAX.

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

Apr 06, 2017

Assembly

In Assembly. Read first time. Held at Desk.

Senate

Read third time. Passed. (Ayes 39. Noes 0. Page 643.) Ordered to the Assembly.

Mar 30, 2017

Senate

Read second time. Ordered to consent calendar.

Mar 29, 2017

Senate

From committee: Do pass. Ordered to consent calendar. (Ayes 7. Noes 0. Page 537.) (March 29).

Mar 10, 2017

Senate

Set for hearing March 29.

Jan 26, 2017

Senate

Referred to Com. on GOV. & F.

  • Referral-Committee
Com. on GOV. & F.

Jan 17, 2017

Senate

From printer. May be acted upon on or after February 16.

Jan 13, 2017

Senate

Introduced. Read first time. To Com. on RLS. for assignment. To print.

Bill Text

Bill Text Versions Format
SB141 HTML
01/13/17 - Introduced PDF
06/30/17 - Enrolled PDF
07/17/17 - Chaptered PDF

Related Documents

Document Format
No related documents.

Sources

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