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SJR 20 California Senate · 2009-2010 Regular Session

Taxation: sale of principal residence: senior citizens.

Summary
Under existing law, capital gains taxes are imposed upon the sale of capital assets. This bill would memorialize the Congress and the President to enact legislation that would increase the amount of gain that a senior citizen 65 years of age and older and who pays for long-term care costs is allowed to exclude from income, from $250,000 to $500,000, and from $500,000 to $750,000 for joint returns, from the sale of the qualifying principal residence of the senior citizen.
Bill status signed all 5 stages cleared
Introduction
Jan 2010
Committee Review
Jun 2010
Senate Passage
May 2010
Assembly Passage
Jul 2010
Signed into Law
Jul 2010
Introduced Jan 25, 2010 Signed Jul 7, 2010
Floor votes · Senate May 24, 2010 · Assembly Jul 1, 2010

How they voted

31–0
Passed · 6 other
Total votes 37
May 24, 2010
D Democratic25
21 Yea 4
84% Yea
R Republican12
10 Yea 2
83% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
19
Key actions
6
Committee
5
Jul 1, 2010
Assembly · Passed
Assembly Vote: pass (67-0-2)
assembly
Jun 29, 2010
Lower · Passed
(Heard in committee on June 28.)
lower
Jun 29, 2010
Lower · Passed
From committee: Be adopted. To Consent Calendar. (Ayes 9. Noes 0.)
lower
May 24, 2010
Senate · Passed
Senate Vote: pass (31-0-6)
senate
May 13, 2010
Upper · Passed
From committee: Be adopted. To Consent Calendar. (Ayes 4. Noes 0. Page 3548.)
upper
Apr 29, 2010
Upper · Passed
Hearing postponed by committee.
upper
Feb 4, 2010
Committee
Re-referred to Com. on REV. & TAX.
upper
Jan 25, 2010
Introduced
Introduced. To Com. on RLS.
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
EA
Elaine Alquist
DDemocratic
CA
13