Steve Glazer
- Democratic
- Senator
- District 7
Author
The Personal Income Tax Law, in modified conformity with federal income tax law, generally defines "gross income" as income from whatever source derived, except as specifically excluded, including an exclusion for the amount of student loan indebtedness repaid or canceled pursuant to a specified federal law. This bill would exclude from an individual's gross income, for taxable years beginning on or after January 1, 2021, and before January 1, 2026, the amount of certain student loans discharged, in whole or in part, after December 31, 2020, and before January 1, 2026, in conformity with federal law. 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 make findings and declarations related to a gift of public funds.
Returned to Secretary of Senate pursuant to Joint Rule 56.
May 15 set for first hearing canceled at the request of author.
Set for hearing May 15.
Read second time and amended. Re-referred to Com. on APPR.
From committee: Do pass as amended and re-refer to Com. on APPR with recommendation: To consent calendar. (Ayes 8. Noes 0. Page 937.) (April 26).
Set for hearing April 26.
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 January 5.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB1 | HTML |
| 12/05/22 - Introduced | |
| 03/30/23 - Amended Senate | |
| 05/01/23 - Amended Senate |
| Document | Format |
|---|---|
| 04/21/23- Senate Governance and Finance |
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