Income and corporation taxes: credit: donation of food.
Summary
The Personal Income Tax Law and the Bank and Corporation Tax Law allow various credits against the taxes imposed by those laws, including a credit for a farmer to donate fresh foods and vegetables to a food bank. This bill would allow a credit against those taxes for each taxable year, beginning on and after January 1, 2017, and before January 1, 2023, to a taxpayer that donates qualified food, as defined, of its trade or business to an organization located in California and exempt from federal income taxation, as specified. This bill would take effect immediately as a tax levy.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2016
Committee Review
Floor Vote
Governor
Introduced Feb 19, 2016
Last action May 27, 2016
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
11
Key actions
3
Committee
6
Amendments
2
May 27, 2016
Lower · Passed
In committee: Held under submission.
lower
May 25, 2016
Committee
In committee: Set, first hearing. Referred to APPR. suspense file.
lower
May 17, 2016
Committee
Re-referred to Com. on APPR.
lower
May 16, 2016
Lower · Passed
Read second time and amended.
lower
May 12, 2016
Introduced
From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (May 9).
lower
Apr 25, 2016
Committee
In committee: Set, first hearing. Referred to REV. & TAX. suspense file.
lower
Mar 10, 2016
Committee
Referred to Com. on REV. & TAX.
lower
Feb 21, 2016
Lower · Passed
From printer. May be heard in committee March 22.
lower
Feb 19, 2016
Introduced
Introduced. To print.
lower
1 primary · 4 co-sponsors
Sponsors
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