Mike Gipson
- Democratic
- Assemblymember
- District 65
Author
The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws. This bill, under both laws, for taxable years beginning on or after January 1, 2023, and before January 1, 2028, would allow a credit against those taxes to qualified small business employers in an amount equal to $434 for each newly hired employee, as specified, whose permanent place of residence is within a 5-mile radius of the employee's primary worksite. Existing law requires any bill authorizing a new tax expenditure to contain, among other things, specific goals, purposes, and objectives that the tax expenditure will achieve, detailed performance indicators, and data collection requirements. This bill would include additional information required for any bill authorizing a new tax expenditure. This bill would take effect immediately as a tax levy.
No votes to display
In committee: Hearing for testimony only.
From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
From printer. May be heard in committee March 11.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB1864 | HTML |
| 02/08/22 - Introduced | |
| 03/24/22 - Amended Assembly | |
| 04/18/22 - Amended Assembly |
| Document | Format |
|---|---|
| 04/29/22- Assembly Revenue and Taxation |
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