Greg Wallis
- Republican
- Assemblymember
- District 47
Author
The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws, and specify certain limitations and requirements with respect to the application of credits, including limitations on credits allowed with respect to disregarded entities in excess of the tax imposed on income related to those disregarded entities. This bill would remove the above-described limitation on credits allowed with respect to disregarded entities for credits generated in taxable years beginning on or after January 1, 2023, if the credit can be assigned, as provided. 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 1580.)
In committee: Set, first hearing. Referred to APPR. suspense file.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 11. Noes 0.) (May 1). Re-referred to Com. on APPR.
From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
In committee: Set, first hearing. Referred to REV. & TAX. suspense file.
In committee: Hearing postponed by committee.
From printer. May be heard in committee March 20.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB1576 | HTML |
| 02/17/23 - Introduced | |
| 04/26/23 - Amended Assembly |
| Document | Format |
|---|---|
| 04/21/23- Assembly Revenue and Taxation | |
| 04/28/23- Assembly Revenue and Taxation | |
| 05/15/23- Assembly Appropriations |
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