AB 1041 California Assembly · 2015-2016 Regular Session

Personal income taxes: education savings accounts.

Summary

The Personal Income Tax Law, in modified conformity with federal income tax laws, allows various deductions in computing the income that is subject to the taxes imposed by that law. This bill would allow a deduction in computing adjusted gross income for those amounts contributed to a Coverdell education savings account, up to $750 per taxable year, as provided. This bill would take effect immediately as a tax levy.

Bill status failed 1 of 4 stages cleared

Introduction

Feb 2015

Committee Review

Floor Vote

Governor

Introduced Feb 26, 2015 Last action Feb 1, 2016

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

May 18, 2015

Lower · Passed

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

lower

May 11, 2015

Committee

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

lower

Mar 19, 2015

Committee

Referred to Com. on REV. & TAX.

lower

Feb 27, 2015

Lower · Passed

From printer. May be heard in committee March 29.

lower

1 primary · 12 co-sponsors

Sponsors

Role

Legislator

Party

State

District