Susan Eggman
- Democratic
- Senator
- District 5
Author
The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws, including, for taxable years beginning on or after January 1, 2017, and before January 1, 2022, a credit for qualified taxpayers in an amount equal to 15% of the qualified value of fresh fruits or vegetables and specified raw agricultural products or processed foods donated to a food bank. In accordance with specified requirements imposed on bills containing new tax expenditures, existing law requires the Franchise Tax Board to report to the Legislature on or before December 1, 2019, and each December 1 thereafter until January 1, 2021, regarding the utilization of those tax credits and requires specified data to be included in the report. This bill would extend the authorization for those tax credits to a taxable year beginning before January 1, 2027. The bill would extend the requirement of the reports until January 1, 2026. This bill would take effect immediately as a tax levy.
Died on file pursuant to Joint Rule 56.
Ordered to inactive file on request of Senator Eggman.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 7. Noes 0. Page 1184.) (May 20).
Set for hearing May 20.
April 19 hearing: Placed on APPR suspense file.
Set for hearing April 19.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 0. Page 633.) (March 25). Re-referred to Com. on APPR.
Set for hearing March 25.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.
From printer. May be acted upon on or after February 21.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB240 | HTML |
| 01/21/21 - Introduced | |
| 03/10/21 - Amended Senate |
| Document | Format |
|---|---|
| 03/22/21- Senate Governance and Finance | |
| 04/16/21- Senate Appropriations | |
| 05/22/21- Sen. Floor Analyses |
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