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AB 1172 California Assembly · 2013-2014 Regular Session

Income taxes: charitable remainder trusts.

Summary
The Personal Income Tax Law does not conform to specified provisions of federal law relating to the taxation of specified trusts. Existing law exempts from tax for the taxable year any charitable remainder annuity trust or charitable remainder unitrust unless that trust has unrelated business taxable income for the taxable year, in which case that trust shall be subject to tax, as provided. This bill, for taxable years beginning on or after January 1, 2014, would conform, as modified, to the federal provisions for a charitable remainder annuity trust and a charitable remainder unitrust by providing that a trust shall remain tax-exempt, even if that trust has unrelated business taxable income, in which case that income shall be taxed as provided. This bill would take effect immediately as a tax levy.
Bill status died 3 of 5 stages cleared
Introduction
Feb 2013
Committee Review
Aug 2014
Assembly Passage
Jan 2014
Senate Passage
Governor
Introduced Feb 22, 2013 Last action Nov 30, 2014
Floor votes · Assembly Jan 27, 2014

How they voted

60–0
Passed · 6 other
Total votes 66
Jan 27, 2014
D Democratic45
41 Yea 4
91% Yea
R Republican21
19 Yea 2
90% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
28
Key actions
10
Committee
16
Amendments
3
Aug 14, 2014
Upper · Passed
From committee: Do pass. (Ayes 6. Noes 0.) (August 14).
upper
Aug 4, 2014
Upper · Passed
In committee: Placed on APPR. suspense file.
upper
Jun 25, 2014
Upper · Passed
From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (June 25). Re-referred to Com. on APPR.
upper
Jun 19, 2014
Committee
Re-referred to Com. on GOV. & F.
upper
Jun 17, 2014
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
Feb 6, 2014
Committee
Referred to Com. on RLS.
upper
Jan 27, 2014
Assembly · Passed
Assembly Vote: pass (60-0-6)
assembly
Jan 23, 2014
Lower · Passed
From committee: Do pass. (Ayes 16. Noes 0.) (January 23).
lower
Jan 23, 2014
Committee
In committee: Set, first hearing. Referred to APPR. suspense file.
lower
Jan 16, 2014
Lower · Passed
From committee: Do pass and re-refer to Com. on APPR. (Ayes 8. Noes 0.) (January 16). Re-referred to Com. on APPR.
lower
Jan 15, 2014
Lower · Passed
From committee: Do pass and re-refer to Com. on REV. & TAX. (Ayes 9. Noes 0.) (January 15). Re-referred to Com. on REV. & TAX.
lower
Jan 9, 2014
Committee
(pending re-referral to the Com. on REV. & TAX.)
lower
Jan 7, 2014
Committee
Re-referred to Com. on L. GOV.
lower
Jan 6, 2014
Introduced
From committee chair, with author's amendments: Amend, and re-refer to Com. on L. GOV. Read second time and amended.
lower
Apr 29, 2013
Lower · Passed
In committee: Set, first hearing. Hearing canceled at the request of author.
lower
Apr 16, 2013
Lower · Passed
In committee: Hearing postponed by committee.
lower
Apr 1, 2013
Committee
Re-referred to Com. on L. GOV.
lower
Mar 21, 2013
Introduced
From committee chair, with author's amendments: Amend, and re-refer to Com. on L. GOV. Read second time and amended.
lower
Mar 21, 2013
Committee
Referred to Coms. on L. GOV. and REV. & TAX.
lower
Feb 24, 2013
Lower · Passed
From printer. May be heard in committee March 26.
lower
Feb 22, 2013
Introduced
Introduced. To print.
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.