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AB 11 California Assembly · 2009-2010 Regular Session

Corporate reorganization: built-in losses.

Summary
The Corporation Tax Law, in specified conformity to federal income tax laws, imposes certain limitations on the use of built-in losses in conjunction with corporate reorganizations. This bill would clarify that a specified federal administrative notice relating to those limitations does not apply for purposes of taxes imposed under the Corporation Tax Law, as specified. This bill would declare that it is to take effect immediately as an urgency statute.
Bill status signed all 5 stages cleared
Introduction
Dec 2008
Committee Review
May 2009
Assembly Passage
Apr 2009
Senate Passage
Aug 2009
Signed into Law
Oct 2009
Introduced Dec 1, 2008 Signed Oct 11, 2009
Floor votes · Senate Aug 27, 2009 · Assembly Apr 30, 2009

How they voted

37–0
Passed · 2 other
Total votes 39
Aug 27, 2009
D Democratic25
23 Yea 2
92% Yea
R Republican14
14 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
21
Key actions
7
Committee
4
Amendments
7
Oct 11, 2009
Signed into law
Approved by the Governor.
legislature
Aug 31, 2009
Lower · Passed
Urgency clause adopted. Senate amendments concurred in. To enrollment. (Ayes 77. Noes 0. Page 2813.)
lower
Aug 27, 2009
Senate · Passed
Senate Vote: pass (37-0-2)
senate
Aug 27, 2009
Introduced
In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 30 pursuant to Assembly Rule 77.
lower
Jul 14, 2009
Upper · Passed
Read second time, amended, and to third reading.
upper
Jul 13, 2009
Introduced
From committee: Amend, and do pass as amended. (Ayes 6. Noes 0.) (July 8).
upper
May 14, 2009
Committee
Referred to Com. on REV. & TAX.
upper
Apr 30, 2009
Assembly · Passed
Assembly Vote: pass (65-0-5)
assembly
Apr 23, 2009
Lower · Passed
Read second time and amended. Ordered returned to second reading.
lower
Apr 22, 2009
Introduced
From committee: Amend, and do pass as amended. (Ayes 8. Noes 0.) (April 13).
lower
Mar 10, 2009
Committee
Re-referred to Com. on REV. & TAX.
lower
Mar 9, 2009
Introduced
From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
lower
Feb 26, 2009
Committee
Referred to Com. on REV. & TAX.
lower
Dec 2, 2008
Lower · Passed
From printer. May be heard in committee January 1.
lower
0 primary · 7 co-sponsors

Sponsors

No sponsor information available.