AB 1055 California Assembly · 2015-2016 Regular Session

Personal Income Tax Law: exclusion: student loan debt forgiveness: disability and blindness.

Summary

The Personal Income Tax Law provides for various exclusions from gross income, including an exclusion for the amount of student loan indebtedness repaid or canceled pursuant to a specified federal law. This bill would exclude from gross income the amount of student loan debt discharged on or after January 1, 2015, of an eligible individual who was entitled to specified disability benefits or who provides a specified certification of disability with the Franchise Tax Board, 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 11, 2015

Lower · Passed

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

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 · 3 co-sponsors