SB 1449 California Senate · 2015-2016 Regular Session

Personal income tax: credit for taxes paid.

Summary

The Personal Income Tax Law allows a credit against the net tax imposed by that law to residents for specified taxes paid to another state on income derived from sources within that state. That law requires income derived from sources within that state to be determined by applying nonresident sourcing rules for determining income from sources within this state. This bill would, instead, require the apportionment and allocation rules of the other state to be used to determine the source of income derived from that state. 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

Key actions

Committee

May 27, 2016

Upper · Passed

May 27 hearing: Held in committee and under submission.

upper

May 2, 2016

Committee

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

upper

Apr 27, 2016

Committee

From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0. Page 3699.) (April 27). Re-referred to Com. on APPR.

upper

Apr 18, 2016

Committee

From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.

upper

Mar 10, 2016

Committee

Referred to Com. on GOV. & F.

upper

Feb 19, 2016

Introduced

Introduced. To Com. on RLS. for assignment. To print.

upper

1 primary · 0 co-sponsors