AB 2922 California Assembly · 2017-2018 Regular Session

Income taxes: credits: qualified developer: affordable housing.

Summary

The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws. This bill would allow a credit against those taxes for each taxable year beginning on or after January 1, 2019, and before January 1, 2024, to a taxpayer in an amount equal to 50% of the amount contributed by the taxpayer to a qualified developer for the development of a qualified project, as defined, but that does not exceed a specified amount per taxpayer per qualified project. The bill would also limit the aggregate amount of the credit, as specified. 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 16, 2018 Last action May 25, 2018

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 25, 2018

Assembly · Reported by committee

In committee: Held under submission.

May 16, 2018

Assembly · Referred to committee

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

May 9, 2018

Assembly · Reported by committee

From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (May 9). Re-referred to Com. on APPR.

May 3, 2018

Assembly · Referred to committee

Re-referred to Com. on H. & C.D.

May 1, 2018

Assembly · Amendment adopted

From committee: Amend, and do pass as amended and re-refer to Com. on H. & C.D. (Ayes 10. Noes 0.) (April 30).

Apr 24, 2018

Assembly · Referred to committee

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

Apr 23, 2018

Assembly · Amendment offered

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

Apr 16, 2018

Assembly · Reported by committee

In committee: Set, first hearing. Hearing canceled at the request of author.

Mar 8, 2018

Assembly · Referred to committee

Referred to Coms. on REV. & TAX. and H. & C.D.

Feb 17, 2018

Assembly · Reported by committee

From printer. May be heard in committee March 19.

1 primary · 0 co-sponsors