Ben Hueso
- Democratic
Author
The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws, including hiring credits within the specified economic development areas. 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, under both laws for taxable years beginning on or after January 1, 2020, and before January 1, 2022, allow a credit against those taxes in an amount equal to 50% of qualified wages paid by a qualified taxpayer, as defined, to qualified full-time employees, defined to mean, among other things, that the person is between 18 and 25 years of age who has completed a work readiness program, substance abuse treatment program, cognitive behavioral therapy treatment program, or anger management program, not to exceed $15,000 per qualified taxpayer per taxable year. The bill would also provide that the credit amount is $0 for each taxable year beginning on or after January 1, 2020, and before January 1, 2022, unless otherwise specified in a bill providing for appropriations related to the Budget Act. The bill would provide findings and declarations relating to the goals, purposes, and objectives of this credit. This bill would take effect immediately as a tax levy.
August 30 hearing: Held in committee and under submission.
August 14 set for first hearing. Placed on APPR. suspense file.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 1.) (July 8). Re-referred to Com. on APPR.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX.
July 1 hearing: Heard for testimony only.
June 24 hearing postponed by committee.
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 35. Noes 0. Page 1269.) Ordered to the Assembly.
Read second time. Ordered to third reading.
Read second time and amended. Ordered to second reading.
From committee: Do pass as amended. (Ayes 6. Noes 0. Page 1099.) (May 16).
Set for hearing May 16.
May 13 hearing: Placed on APPR. suspense file.
Set for hearing May 13.
Read second time and amended. Re-referred to Com. on APPR.
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 6. Noes 0. Page 903.) (May 1).
Set for hearing May 1.
From printer. May be acted upon on or after March 24.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB422 | HTML |
| 02/21/19 - Introduced | |
| 05/07/19 - Amended Senate | |
| 05/17/19 - Amended Senate | |
| 07/01/19 - Amended Assembly |
| Document | Format |
|---|---|
| No related documents. |
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