SB 150 California Senate · 2015-2016 Regular Session

Personal Income Tax Law: exclusion: student loan debt forgiveness.

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 indebtedness discharged on or after January 1, 2015, and before January 1, 2020, for an eligible individual who is granted a discharge under specified conditions, as provided. This bill would take effect immediately as a tax levy.

Bill status signed all 5 stages cleared

Introduction

Jan 2015

Committee Review

Sep 2015

Senate Passage

Sep 2015

Assembly Passage

Sep 2015

Signed into Law

Oct 2015

Introduced Jan 29, 2015 Signed Oct 8, 2015

Floor votes · Senate Sep 1, 2015 · Assembly Sep 12, 2015

How they voted

32–0

Passed · 1 other

Total votes 33

Sep 1, 2015

D Democratic23

23 Yea

100% Yea

R Republican10

9 Yea 1

90% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Oct 8, 2015

Signed into law

Approved by the Governor.

legislature

Sep 12, 2015

Assembly · Passed

Assembly Vote: pass (71-0-1)

assembly

Sep 11, 2015

Upper · Passed

Assembly amendments concurred in. (Ayes 40. Noes 0. Page 2776.) Ordered to engrossing and enrolling.

upper

Sep 11, 2015

Introduced

In Senate. Concurrence in Assembly amendments pending.

upper

Sep 11, 2015

Lower · Passed

Read second time and amended. Ordered to third reading.

lower

Sep 11, 2015

Lower · Passed

From committee: Do pass as amended. (Ayes 16. Noes 0.) (September 11).

lower

Sep 11, 2015

Committee

From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (September 11). Re-referred to Com. on APPR.

lower

Sep 10, 2015

Committee

Referred to Com. on REV. & TAX.

lower

Sep 1, 2015

Senate · Passed

Senate Vote: pass (32-0-1)

senate

Aug 27, 2015

Upper · Passed

From committee: Do pass. (Ayes 7. Noes 0. Page 2216.) (August 27).

upper

Jul 1, 2015

Committee

From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 0. Page 1733.) (July 1). Re-referred to Com. on APPR.

upper

Jun 22, 2015

Committee

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

upper

Jun 18, 2015

Upper · Passed

June 24 hearing postponed by committee.

upper

Jun 4, 2015

Committee

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

upper

May 28, 2015

Committee

Re-referred to Com. on GOV. & F.

upper

May 14, 2015

Committee

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

upper

Feb 19, 2015

Committee

Referred to Com. on RLS.

upper

Jan 29, 2015

Introduced

Introduced. Read first time. To Com. on RLS. for assignment. To print.

upper

1 primary · 10 co-sponsors