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AB 697 California Assembly · 2009-2010 Regular Session

Corporation taxes: underpayments: penalty.

Summary
The Corporation Tax Law, for taxable years beginning on or after January 1, 2003, imposes a penalty on a tax payer with an understatement of tax in excess of $1,000,000 in an amount equal to 20% of that understatement. This bill would limit the imposition of the penalty to taxable years beginning before January 1, 2008, and would repeal the penalty provisions on December 1, 2010.
Bill status failed 3 of 5 stages cleared
Introduction
Feb 2009
Committee Review
Jul 2009
Assembly Passage
May 2009
Senate Passage
Governor
Introduced Feb 26, 2009 Last action Nov 30, 2010
Floor votes · Assembly May 18, 2009

How they voted

71–0
Passed · 3 other
Total votes 74
May 18, 2009
D Democratic47
44 Yea 3
93% Yea
I Independent1
1 Yea
100% Yea
R Republican26
26 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
15
Key actions
3
Committee
7
Amendments
2
Jul 8, 2009
Committee
In committee: Referred to REV. & TAX. suspense file.
upper
Jun 4, 2009
Committee
Re-referred to Com. on REV. & TAX.
upper
Jun 1, 2009
Introduced
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on RLS.
upper
May 28, 2009
Committee
Referred to Com. on RLS.
upper
May 18, 2009
Assembly · Passed
Assembly Vote: pass (71-0-3)
assembly
May 12, 2009
Lower · Passed
From committee: Do pass. To Consent Calendar. (May 11).
lower
Apr 15, 2009
Committee
Re-referred to Com. on REV. & TAX.
lower
Apr 14, 2009
Introduced
From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
lower
Apr 13, 2009
Committee
Referred to Com. on REV. & TAX.
lower
Mar 1, 2009
Lower · Passed
From printer. May be heard in committee March 30.
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.