Tax amnesty: penalty.
Summary
Existing law imposes a penalty on a taxpayer subject to the Corporation Tax Law with a specified understatement of tax, as defined, in an amount equal to 20% of that understatement, except as specified. This bill would delete the provisions imposing that penalty.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2010
Committee Review
Floor Vote
Governor
Introduced Feb 24, 2010
Last action Oct 8, 2010
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
0
Committee
2
May 12, 2010
Committee
Set, first hearing. Failed passage in committee. (Ayes 1. Noes 3. Page 78.) Reconsideration granted.
upper
Apr 19, 2010
Committee
Re-referred to Com. on REV. & TAX.
upper
Feb 24, 2010
Introduced
Introduced. Read first time. To Com. on RLS.
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
DH
Dennis Hollingsworth
RRepublican
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