William P. Brough
- Republican
Author
The Personal Income Tax Law, in modified conformity with federal income tax laws, allows various exclusions from gross income. This bill, on or after January 1, 2020, and before January 1, 2025, would exclude from gross income any income earned on the moneys contributed to a homeownership savings account, subject to specified restrictions, including that the account is designated as a homeownership savings account by the trustee for the benefit of a qualified taxpayer, as defined, and that the account is closed once the purchase of the qualified taxpayer's principal residence is complete. 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.
Joint Rule 62(a), file notice suspended. (Page 1760.)
In committee: Set, first hearing. Referred to APPR. suspense file.
Joint Rule 62(a), file notice suspended. (Page 1609.)
From committee chair, with author's amendments: Amend, and re-refer to Com. on APPR. Read second time and amended.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 11. Noes 0.) (May 6). Re-referred to Com. on APPR.
Read second time and amended.
From committee: Amend, and do pass as amended and re-refer to Com. on REV. & TAX. (Ayes 8. Noes 0.) (April 24).
Referred to Coms. on H. & C.D. and REV. & TAX.
Read first time.
From printer. May be heard in committee March 25.
Introduced. To print.
| Bill Text Versions | Format |
|---|---|
| AB1317 | HTML |
| 02/22/19 - Introduced | |
| 04/30/19 - Amended Assembly | |
| 05/08/19 - Amended Assembly |
| Document | Format |
|---|---|
| No related documents. |
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