AB 132 California Assembly · 2013-2014 Regular Session

Personal income taxes: retirement plans: early distributions.

Summary

The Personal Income Tax Law, in modified conformity to federal income tax laws, imposes an additional tax upon early distributions from specified retirement plans, as provided. This bill would, for taxable years, beginning on or after January 1, 2014, and before January 1, 2017, exclude from that additional tax the first $6,000 distributed to an individual for the purpose of paying qualified costs, as defined, with respect to acquisition indebtedness for a principal residence, as provided. This bill would take effect immediately as a tax levy.

Bill status failed 1 of 4 stages cleared

Introduction

Jan 2013

Committee Review

Floor Vote

Governor

Introduced Jan 16, 2013 Last action Jan 21, 2014

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Aug 12, 2013

Lower · Passed

In committee: Set, final hearing. Hearing canceled at the request of author.

lower

Jun 24, 2013

Committee

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

lower

Jun 20, 2013

Introduced

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

lower

Jun 10, 2013

Lower · Passed

In committee: Hearing postponed by committee.

lower

May 13, 2013

Lower · Passed

In committee: Set, second hearing. Hearing canceled at the request of author.

lower

Apr 1, 2013

Lower · Passed

In committee: Set, first hearing. Hearing canceled at the request of author.

lower

Apr 1, 2013

Committee

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

lower

Mar 21, 2013

Introduced

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

lower

Jan 24, 2013

Committee

Referred to Com. on REV. & TAX.

lower

Jan 17, 2013

Lower · Passed

From printer. May be heard in committee February 16.

lower

1 primary · 1 co-sponsor