Kelly Seyarto
- Republican
- Senator
- District 32
Author
The Personal Income Tax Law authorizes various deductions in computing income that is subject to tax under that law. This bill, for taxable years beginning on or after January 1, 2025, and before January 1, 2030, would allow a deduction in computing adjusted gross income in connection with health savings accounts in modified conformity with federal law. In general, the deduction would be an amount equal to the aggregate amount paid in cash during the taxable year by, or on behalf of, an eligible individual, as defined, to a health savings account of that individual, as provided. The bill, for taxable years beginning on or after January 1, 2025, and before January 1, 2030, would also provide related conformity to that federal law with respect to the allowance of rollovers from Archer Medical Savings Accounts, health flexible spending arrangements, or health reimbursement accounts to a health savings account, and penalties in connection therewith. Existing law requires a bill authorizing a new tax expenditure to contain, among other things, specific goals, purposes, and objectives 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 take effect immediately as a tax levy.
July 1 hearing. Held in committee and under submission.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX.
June 10 set for first hearing. Placed on suspense file.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX.
Read third time. Passed. (Ayes 28. Noes 4. Page 3049.) Ordered to the Assembly.
In Assembly. Read first time. Held at Desk.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 5. Noes 1. Page 3011.) (January 18).
Set for hearing January 18.
January 16 hearing: Placed on APPR suspense file.
Set for hearing January 16.
Read second time and amended. Re-referred to Com. on APPR.
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 5. Noes 3. Page 2970.) (January 10).
Set for hearing January 10.
May 3 set for first hearing. Failed passage in committee. (Ayes 4. Noes 2. Page 992.) Reconsideration granted.
Set for hearing May 3.
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 23.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB230 | HTML |
| 01/23/23 - Introduced | |
| 03/15/23 - Amended Senate | |
| 01/11/24 - Amended Senate | |
| 05/16/24 - Amended Assembly | |
| 06/13/24 - Amended Assembly |
| Document | Format |
|---|---|
| 04/28/23- Senate Governance and Finance | |
| 01/05/24- Senate Governance and Finance | |
| 01/12/24- Senate Appropriations | |
| 01/22/24- Sen. Floor Analyses | |
| 06/07/24- Assembly Revenue and Taxation | |
| 06/28/24- Assembly Revenue and Taxation |
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