Income taxes: credits: enterprise zone.

The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws, including credits for taxpayers that employ qualified employees, as defined, in an enterprise zone. This bill would modify the definition of a qualified employee, as specified, and require qualified wages to exceed an average monthly wage of $2,000, as specified. This bill would also make technical, nonsubstantive changes. This bill would include a change in state statute that would result in a taxpayer paying a higher tax within the meaning of Section 3 of Article XIIIA of the California Constitution, and thus would require for passage the approval of 23 of the membership of each house of the Legislature. This bill would take effect immediately as a tax levy.