SB 1003 California Senate · 2013-2014 Regular Session

Personal Income Tax Law: cancellation of indebtedness: student loan forgiveness.

Summary

The Personal Income Tax Law provides for various exclusions from gross income. This bill would, for taxable years beginning on or after January 1, 2014, exclude from gross income the amount of student loan indebtedness repaid or canceled pursuant to a specified federal law. This bill would take effect immediately as a tax levy.

Bill status failed 3 of 5 stages cleared

Introduction

Feb 2014

Committee Review

Jul 2014

Senate Passage

Apr 2014

Assembly Passage

Governor

Introduced Feb 13, 2014 Last action Nov 30, 2014

Floor votes · Senate Apr 24, 2014

How they voted

33–0

Passed · 2 other

Total votes 35

Apr 24, 2014

D Democratic25

23 Yea 2

92% Yea

R Republican10

10 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jul 3, 2014

Committee

Re-referred to Com. on RLS. pursuant to Assembly Rule 96(a).

lower

Jun 30, 2014

Lower · Passed

From committee with author's amendments. Read second time and amended. Re-referred to Com. on G.O.

lower

May 12, 2014

Committee

Referred to Com. on G.O.

lower

Apr 24, 2014

Senate · Passed

Senate Vote: pass (33-0-2)

senate

Apr 8, 2014

Upper · Passed

From committee: Do pass. Ordered to consent calendar. (Ayes 9. Noes 0. Page 3091.) (April 8).

upper

Feb 27, 2014

Committee

Referred to Com. on G.O.

upper

1 primary · 0 co-sponsors