AB 1564 California Assembly · 2013-2014 Regular Session

Income taxes: research and development credit.

Summary

The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws, including a credit for a percentage of specified research expenses. This bill would increase that percentage by 3% each taxable year for 5 taxable years and then return to the current rate. This bill would take effect immediately as a tax levy.

Bill status failed 1 of 4 stages cleared

Introduction

Jan 2014

Committee Review

Floor Vote

Governor

Introduced Jan 29, 2014 Last action Nov 30, 2014

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 23, 2014

Lower · Passed

In committee: Set, second hearing. Held under submission.

lower

May 14, 2014

Committee

In committee: Set, first hearing. Referred to APPR. suspense file.

lower

May 7, 2014

Committee

Re-referred to Com. on APPR.

lower

May 5, 2014

Lower · Passed

From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 8. Noes 0.) (April 30).

lower

Apr 29, 2014

Lower · Passed

From committee: Do pass and re-refer to Com. on J., E.D., & E. (Ayes 9. Noes 0.) (April 28). Re-referred to Com. on J., E.D., & E.

lower

Apr 28, 2014

Committee

In committee: Set, first hearing. Referred to REV. & TAX. suspense file.

lower

Apr 28, 2014

Committee

(pending re-referral to the Com. on J.,E.D. & E.)

lower

Apr 23, 2014

Committee

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

lower

Apr 22, 2014

Introduced

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

lower

Apr 21, 2014

Lower · Passed

In committee: Hearing postponed by committee.

lower

Apr 9, 2014

Committee

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

lower

Apr 8, 2014

Introduced

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

lower

Feb 6, 2014

Committee

Referred to Coms. on REV. & TAX. and J., E.D., & E.

lower

Jan 30, 2014

Lower · Passed

From printer. May be heard in committee March 1.

lower

1 primary · 0 co-sponsors