AB 198 California Assembly · 2017-2018 Regular Session

Personal income taxes: deductions: first-time home buyers.

Summary

The Personal Income Tax Law, in modified conformity with federal income tax laws, allows various deductions from gross income in computing adjusted gross income under that law, including deductions for payments to individual retirement accounts, alimony payments, and interest on educational loans. This bill, for taxable years beginning on or after January 1, 2017, and before January 1, 2022, would allow a deduction in computing adjusted gross income for those amounts paid or incurred by a qualified first-time home buyer, as defined, during the taxable year for qualified home-buying expenses, as provided. This bill would take effect immediately as a tax levy.

Bill status failed 1 of 4 stages cleared

Introduction

Jan 2017

Committee Review

Floor Vote

Governor

Introduced Jan 23, 2017 Last action Feb 1, 2018

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 26, 2017

Lower · Passed

In committee: Held under submission.

lower

Apr 26, 2017

Committee

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

lower

Apr 18, 2017

Committee

Re-referred to Com. on APPR.

lower

Apr 17, 2017

Introduced

From committee chair, with author's amendments: Amend, and re-refer to Com. on APPR. Read second time and amended.

lower

Mar 21, 2017

Committee

Re-referred to Com. on APPR.

lower

Mar 16, 2017

Lower · Passed

From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 6. Noes 1.) (March 13).

lower

Feb 6, 2017

Committee

Referred to Com. on REV. & TAX.

lower

Jan 24, 2017

Lower · Passed

From printer. May be heard in committee February 23.

lower

1 primary · 14 co-sponsors