AB 2589 California Assembly · 2009-2010 Regular Session

Income taxes: renewable energy credits.

Summary

The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws. This bill would, until January 1, 2016, allow a credit, under both laws, to qualified producers in the amount of $0.018 per kilowatthour produced by dual renewable energy devices, as provided. This bill would, upon the appropriation of the Legislature, transfer amounts necessary to refund that credit from the General Fund to the Treasurer for the purpose of making those refunds. This bill would take effect immediately as a tax levy.

Bill status failed 1 of 4 stages cleared

Introduction

Feb 2010

Committee Review

Floor Vote

Governor

Introduced Feb 19, 2010 Last action Nov 30, 2010

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 3, 2010

Lower · Passed

In committee: Set, first hearing. Held without recommendation.

lower

Apr 12, 2010

Committee

Re-referred to Com. on U. & C.

lower

Apr 8, 2010

Introduced

From committee chair, with author's amendments: Amend, and re-refer to Com. on U. & C. Read second time and amended.

lower

Apr 8, 2010

Committee

Referred to Coms. on U. & C. and REV. & TAX.

lower

Feb 21, 2010

Lower · Passed

From printer. May be heard in committee March 23.

lower

Feb 19, 2010

Introduced

Introduced. To print.

lower

1 primary · 0 co-sponsors