Income taxes: credits: job development.
Summary
The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws. Existing law requires any bill authorizing a new tax credit to contain, among other things, specific goals, purposes, and objectives that the tax credit will achieve, detailed performance indicators, and data collection requirements. This bill would, under both laws for taxable years beginning on or after January 1, 2019, and before January 1, 2029, allow credits against tax in amounts equal to 30% or 15% of the qualified expenditures related to education and training programs for high-demand jobs and the "Doing What Matters" program, respectively. The bill would specify data collection requirements for the credit. This bill would take effect immediately as a tax levy.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2018
Committee Review
Floor Vote
Governor
Introduced Feb 15, 2018
Last action May 25, 2018
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
15
Key actions
4
Committee
9
Amendments
3
May 25, 2018
Lower · Passed
In committee: Held under submission.
lower
May 23, 2018
Committee
In committee: Set, first hearing. Referred to APPR. suspense file.
lower
May 17, 2018
Committee
Re-referred to Com. on APPR.
lower
May 15, 2018
Lower · Passed
From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 8. Noes 1.) (May 14).
lower
May 8, 2018
Committee
Re-referred to Com. on REV. & TAX.
lower
May 7, 2018
Introduced
From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
lower
Apr 5, 2018
Lower · Passed
From committee: Be re-referred to Com. on REV. & TAX. Re-referred. (Ayes 8. Noes 0.) (April 5). Re-referred to Com. on REV. & TAX.
lower
Apr 2, 2018
Committee
Re-referred to Com. on RLS. pursuant to Assembly Rule 96.
lower
Mar 22, 2018
Committee
Re-referred to Com. on A.,E.,S.,T., & I.M.
lower
Mar 21, 2018
Introduced
From committee chair, with author's amendments: Amend, and re-refer to Com. on A.,E.,S.,T., & I.M. Read second time and amended.
lower
Mar 8, 2018
Committee
Referred to Coms. on A.,E.,S.,T., & I.M. and REV. & TAX.
lower
Feb 16, 2018
Lower · Passed
From printer. May be heard in committee March 18.
lower
1 primary · 1 co-sponsor
Sponsors
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