Cottie Petrie-Norris
- Democratic
- Assemblymember
- District 73
Author
The Personal Income Tax Law provides various exclusions from gross income in determining tax liability, including an exclusion for the amount of student loan indebtedness repaid or canceled pursuant to specified federal law, relating to repayment plans. Existing federal law, the American Rescue Plan Act of 2021, excludes from gross income for purposes of federal income taxes any amount that would otherwise be includible in gross income by reason of the discharge after December 31, 2020, and before January 1, 2026, of specified student loans. This bill would apply that provision of the American Rescue Plan Act of 2021 to the Personal Income Tax Law. This bill would take effect immediately as a tax levy.
No votes to display
From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
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 15.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB668 | HTML |
| 02/12/21 - Introduced | |
| 03/25/21 - Amended Assembly |
| Document | Format |
|---|---|
| No related documents. |
Data on Open States is updated periodically throughout the day from the official website of the California State Legislature.
If you notice any inconsistencies with these official sources, feel free to file an issue.