Tri Ta
- Republican
- Assemblymember
- District 70
Author
The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws. This bill, for taxable years beginning on or after January 1, 2025, and before January 1, 2030, would allow a credit against those taxes to a qualified taxpayer in an amount equal to 40% of the qualified wages paid or incurred to a qualified employee employed during the taxable year. The bill would define a qualified employee for this purpose to mean an individual that, among other things, has been convicted of a felony, as provided, and has a hiring date not more than one year after the date the individual was convicted or was released from prison. Existing law requires any bill authorizing a new tax expenditure to contain, among other things, specific goals 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 income tax expenditure. This bill would take effect immediately as a tax levy.
In committee: Held under submission.
Coauthors revised.
Joint Rule 62(a), file notice suspended.
In committee: Set, first hearing. Referred to APPR. suspense file.
Read second time and amended.
From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (April 29).
In committee: Set, first hearing. Referred to REV. & TAX. suspense file.
From printer. May be heard in committee March 8.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB2128 | HTML |
| 02/06/24 - Introduced | |
| 05/01/24 - Amended Assembly |
| Document | Format |
|---|---|
| 03/28/24- Assembly Revenue and Taxation | |
| 04/26/24- Assembly Revenue and Taxation | |
| 05/14/24- Assembly Appropriations |
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