Mike Morrell
- Republican
Author
The Personal Income Tax Law allows various credits against the tax imposed by that law. Existing law requires any bill authorizing a new tax credit to contain, among other things, specific goals, purposes, and objectives that the tax credit will achieve, detailed performance indicators, and data collection requirements. This bill would allow a credit against that tax for each taxable year beginning on or after January 1, 2018, in an amount equal to the amount donated to a qualified charitable organization, as defined, not to exceed a specified amount per taxable year. The bill would require the Franchise Tax Board to post on a new page on its Internet Web site a list of the names of each qualified charitable organization. The bill would provide that these provisions are severable. The bill would also include additional information required for any bill authorizing a new income tax credit. This bill would take effect immediately as a tax levy.
May 16 set for first hearing. Failed passage in committee. (Ayes 1. Noes 3. Page 5074.) Reconsideration granted.
Set for hearing May 16.
May 9 hearing postponed by committee.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.
Set for hearing May 9.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
From printer. May be acted upon on or after March 22.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB1485 | HTML |
| 02/16/18 - Introduced | |
| 04/02/18 - Amended Senate | |
| 04/30/18 - Amended Senate |
| Document | Format |
|---|---|
| No related documents. |
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