AB 99 California Assembly · 2015-2016 Regular Session

Personal income taxes: income exclusion: mortgage debt forgiveness.

Summary

The Personal Income Tax Law provides for modified conformity to specified provisions of federal income tax law relating to the exclusion of the discharge of qualified principal residence indebtedness, as defined, from an individual's income if that debt is discharged after January 1, 2007, and before January 1, 2014, as provided. The federal Tax Increase Prevention Act of 2014 extended the operation of those provisions to debt that is discharged before January 1, 2015. This bill would conform to that federal extension, discharge indebtedness for related penalties and interest, and make legislative findings and declarations regarding the public purpose served by the bill. This bill would declare that it is to take effect immediately as an urgency statute.

Bill status vetoed 4 of 5 stages cleared

Introduction

Jan 2015

Committee Review

Sep 2015

Assembly Passage

Jun 2015

Senate Passage

Sep 2015

Vetoed

Oct 2015

Introduced Jan 8, 2015 Vetoed Oct 10, 2015

Floor votes · Senate Sep 1, 2015 · Assembly Jun 1, 2015

How they voted

33–0

Passed

Total votes 33

Sep 1, 2015

D Democratic23

23 Yea

100% 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

Jan 15, 2016

Vetoed

Consideration of Governor's veto stricken from file.

lower

Oct 10, 2015

Vetoed

Vetoed by Governor.

lower

Sep 1, 2015

Senate · Passed

Senate Vote: pass (33-0)

senate

Sep 1, 2015

Lower · Passed

In Assembly. Ordered to Engrossing and Enrolling.

lower

Aug 27, 2015

Upper · Passed

From committee: Do pass. (Ayes 7. Noes 0.) (August 27).

upper

Jun 29, 2015

Committee

In committee: Referred to APPR. suspense file.

upper

Jun 17, 2015

Committee

From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (June 17). Re-referred to Com. on APPR.

upper

Jun 11, 2015

Committee

Referred to Com. on GOV. & F.

upper

Jun 1, 2015

Assembly · Passed

Assembly Vote: pass (72-0)

assembly

May 28, 2015

Lower · Passed

From committee: Do pass. (Ayes 17. Noes 0.) (May 28).

lower

May 27, 2015

Committee

In committee: Set, first hearing. Referred to APPR. suspense file.

lower

May 21, 2015

Committee

Re-referred to Com. on APPR.

lower

May 19, 2015

Committee

From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (May 18). Re-referred to Com. on APPR.

lower

Mar 23, 2015

Committee

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

lower

Feb 19, 2015

Committee

Re-referred to Com. on REV. & TAX.

lower

Jan 26, 2015

Committee

Referred to Com. on REV. & TAX.

lower

Jan 9, 2015

Lower · Passed

From printer. May be heard in committee February 8.

lower

1 primary · 1 co-sponsor