AB 279 California Assembly · 2009-2010 Regular Session

Income taxes: credit: Great Schools Tax Credit Act.

Summary

The Personal Income Tax Law and the Corporation Tax Law authorize various credits against the taxes imposed by those laws. This bill would, for each taxable year beginning on or after January 1, 2010, allow a credit in an amount equal to the total contributions made to a scholarship granting organization, as defined, by a qualified taxpayer, as defined, during the taxable year, not to exceed a specified amount. This bill would impose specified duties on the Franchise Tax Board in administering the credits. This bill would take effect immediately as a tax levy.

Bill status failed 1 of 4 stages cleared

Introduction

Feb 2009

Committee Review

Floor Vote

Governor

Introduced Feb 12, 2009 Last action Feb 2, 2010

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 19, 2009

Lower · Passed

In committee: Set, second hearing. Held under submission.

lower

Apr 20, 2009

Committee

In committee: Set, first hearing. Referred to REV. & TAX. suspense file.

lower

Mar 19, 2009

Committee

Re-referred to Com. on REV. & TAX.

lower

Mar 18, 2009

Introduced

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

lower

Mar 4, 2009

Committee

Referred to Com. on REV. & TAX.

lower

Feb 13, 2009

Lower · Passed

From printer. May be heard in committee March 15.

lower

1 primary · 0 co-sponsors