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AB 2640 California Assembly · 2009-2010 Regular Session

Income taxes: credits: sales tax on qualified property: exclusion: qualified parking.

Summary
The Personal Income Tax Law and the Corporation Tax Law authorize various credits against the taxes imposed by those laws. This bill would, under both laws, provide for a credit in a specified amount of the sales and use taxes paid by a qualified taxpayer for qualified property placed in service within this state, for taxable years beginning on or after January 1, 2011, and before January 1, 2016. The Personal Income Tax Law and the Corporation Tax Law, in conformity with federal income tax law, provide an exclusion from gross income for specified transportation benefits provided to employees by employers, including qualified parking. This bill would, for taxable years beginning on or after January 1, 2011, and before January 1, 2016, remove the exclusion from gross income for qualified parking. 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
13
Key actions
0
Committee
7
Amendments
3
Nov 30, 2010
Assembly · Failed
From committee without further action.
May 28, 2010
Assembly · Reported by committee
In committee: Set, first hearing. Held under submission.
May 28, 2010
Assembly · Referred to committee
In committee: Set, first hearing. Referred to APPR. suspense file.
May 19, 2010
Assembly · Referred to committee
Re-referred to Com. on APPR.
May 18, 2010
Assembly · Amendment adopted
Read second time and amended.
May 17, 2010
Assembly · Amendment offered
From committee: Amend, do pass as amended, and re-refer to Com. on APPR. (Ayes 6. Noes 3.) (May 10).
May 3, 2010
Assembly · Referred to committee
In committee: Set, first hearing. Referred to REV. & TAX. suspense file.
Apr 12, 2010
Assembly · Referred to committee
Re-referred to Com. on REV. & TAX.
Apr 8, 2010
Assembly · Amendment offered
From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
Mar 18, 2010
Assembly · Referred to committee
Referred to Com. on REV. & TAX.
Feb 21, 2010
Assembly · Reported by committee
From printer. May be heard in committee March 23.
Feb 19, 2010
Assembly · Introduced
Introduced. To print.
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.