SB 388

  • California Senate Bill
  • 2017-2018 Regular Session
  • Introduced in Senate Feb 14, 2017
  • Senate
  • Assembly
  • Governor

Taxation: federal conformity: tax holiday.

Abstract

The Personal Income Tax Law and the Corporation Tax Law impose taxes upon taxable income, as specified, and allow various exclusions and deductions in conformity or modified conformity with federal income tax laws, in computing the income that is subject to the taxes imposed by those laws. This bill would state the intent of the Legislature, if federal income tax laws provide for a tax holiday for corporate moneys repatriated into the United States, to enact legislation reducing the rates of tax imposed upon the income derived from the moneys repatriated into the state during the same period.

Bill Sponsors (1)

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Actions


Feb 01, 2018

Senate

Returned to Secretary of Senate pursuant to Joint Rule 56.

Feb 23, 2017

Senate

Referred to Com. on RLS.

  • Referral-Committee
Com. on RLS.

Feb 15, 2017

Senate

From printer. May be acted upon on or after March 17.

Feb 14, 2017

Senate

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

Bill Text

Bill Text Versions Format
SB388 HTML
02/14/17 - Introduced PDF

Related Documents

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Sources

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