Personal income taxes: exclusion: forgiven student loan debt.
Summary
The Personal Income Tax Law provides various exclusions from gross income in determining tax liability, including an exclusion for the amount of student loan indebtedness repaid or canceled pursuant to a specified federal law, relating to income-based repayment. This bill would, for taxable years beginning on or after January 1, 2017, and before January 1, 2022, revise this exclusion to include student loan indebtedness canceled, pursuant to federal law, that includes other repayment plans. This bill would take effect immediately as a tax levy.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2017
Committee Review
Sep 2017
Assembly Passage
May 2017
Senate Passage
Sep 2017
Signed into Law
Oct 2017
Introduced Feb 13, 2017
Signed Oct 6, 2017
Floor votes · Senate Sep 14, 2017 · Assembly Jun 1, 2017
How they voted
32–0
Passed
Total votes 32
Sep 14, 2017
D
Democratic22
100% Yea
R
Republican10
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
26
Key actions
10
Committee
10
Amendments
2
Oct 6, 2017
Signed into law
Approved by the Governor.
legislature
Sep 14, 2017
Senate · Passed
Senate Vote: pass (32-0)
senate
Sep 14, 2017
Lower · Passed
In Assembly. Ordered to Engrossing and Enrolling.
lower
Sep 1, 2017
Upper · Passed
From committee: Do pass. (Ayes 7. Noes 0.) (September 1).
upper
Jul 17, 2017
Committee
In committee: Referred to APPR. suspense file.
upper
Jul 5, 2017
Upper · Passed
From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (July 5). Re-referred to Com. on APPR.
upper
Jun 14, 2017
Committee
Referred to Com. on GOV. & F.
upper
Jun 1, 2017
Assembly · Passed
Assembly Vote: pass (66-0-4)
assembly
May 26, 2017
Lower · Passed
From committee: Amend, and do pass as amended. (Ayes 16. Noes 0.) (May 26).
lower
Apr 26, 2017
Committee
In committee: Set, first hearing. Referred to APPR. suspense file.
lower
Apr 17, 2017
Committee
Re-referred to Com. on APPR.
lower
Apr 5, 2017
Lower · Passed
From committee: Amend, and do pass as amended and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 10. Noes 0.) (March 27).
lower
Mar 20, 2017
Lower · Passed
In committee: Hearing postponed by committee.
lower
Feb 27, 2017
Committee
Referred to Com. on REV. & TAX.
lower
Feb 14, 2017
Lower · Passed
From printer. May be heard in committee March 16.
lower
1 primary · 1 co-sponsor
Sponsors
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