AB 1393 California Assembly · 2013-2014 Regular Session

Personal income taxes: income exclusion: mortgage debt forgiveness.

Summary

The Personal Income Tax Law provides for modified conformity to specified provisions of federal income tax law relating to the exclusion of the discharge of qualified principal residence indebtedness, as defined, from an individual's income if that debt is discharged after January 1, 2007, and before January 1, 2013, as provided. The federal American Taxpayer Relief Act of 2012 extended the operation of those provisions to qualified principal residence indebtedness that is discharged before January 1, 2014. This bill would conform to the federal extension, discharge indebtedness for related penalties and interest, and make legislative findings and declarations regarding the public purpose served by the bill. This bill would declare that it is to take effect immediately as an urgency statute.

Bill status signed all 5 stages cleared

Introduction

Mar 2013

Committee Review

Jul 2014

Assembly Passage

Apr 2013

Senate Passage

Jun 2014

Signed into Law

Jul 2014

Introduced Mar 4, 2013 Signed Jul 21, 2014

Floor votes · Senate Jun 30, 2014 · Assembly Jul 3, 2014

How they voted

31–0

Passed · 4 other

Total votes 35

Jun 30, 2014

D Democratic25

22 Yea 3

88% Yea

R Republican10

9 Yea 1

90% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jul 21, 2014

Signed into law

Approved by the Governor.

legislature

Jul 3, 2014

Assembly · Passed

Assembly Vote: pass (63-0-2)

assembly

Jul 3, 2014

Lower · Passed

Urgency clause adopted. Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 76. Noes 0. Page 5799.).

lower

Jun 30, 2014

Senate · Passed

Senate Vote: pass (31-0-4)

senate

Jun 30, 2014

Introduced

In Assembly. Concurrence in Senate amendments pending. May be considered on or after July 2 pursuant to Assembly Rule 77.

lower

Jun 23, 2014

Upper · Passed

From committee: Do pass. (Ayes 7. Noes 0.) (June 23).

upper

Jun 15, 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 APPR.

upper

May 20, 2014

Upper · Passed

Read second time and amended. Re-referred to Com. on APPR.

upper

May 19, 2014

Upper · Passed

From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 5. Noes 0.) (May 14).

upper

Apr 22, 2014

Committee

Re-referred to Com. on GOV. & F.

upper

Apr 7, 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

Sep 9, 2013

Committee

Re-referred to Com. on RLS. pursuant to Senate Rule 29.10(c).

upper

Jun 12, 2013

Upper · Passed

From committee: Do pass. (Ayes 4. Noes 0.) (June 12).

upper

May 2, 2013

Committee

Referred to Com. on L. & I.R.

upper

Apr 10, 2013

Lower · Passed

From committee: Do pass. To consent calendar. (Ayes 13. Noes 0.) (April 10).

lower

Mar 14, 2013

Committee

Referred to Com. on INS.

lower

Mar 5, 2013

Lower · Passed

From printer. May be heard in committee April 4.

lower

1 primary · 6 co-sponsors