SB 63 California Senate · 2019-2020 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, 2019, and before January 1, 2024, for an eligible individual who is granted a discharge under specified conditions, as provided, including that the individual attended a Brightwood College school or a location of The Art Institute of California. This bill would take effect immediately as a tax levy.

Bill status signed all 5 stages cleared

Introduction

Jan 2019

Committee Review

Aug 2019

Senate Passage

May 2019

Assembly Passage

Sep 2019

Signed into Law

Oct 2019

Introduced Jan 7, 2019 Signed Oct 2, 2019

Floor votes · Senate May 23, 2019 · Assembly Sep 10, 2019

How they voted

34–0

Passed

Total votes 34

May 23, 2019

D Democratic26

26 Yea

100% Yea

R Republican8

8 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Oct 2, 2019

Signed into law

Approved by the Governor.

legislature

Sep 10, 2019

Assembly · Passed

Assembly Vote: pass (71-0)

assembly

Sep 10, 2019

Upper · Passed

Assembly amendments concurred in. (Ayes 40. Noes 0. Page 2784.) Ordered to engrossing and enrolling.

upper

Sep 9, 2019

Introduced

In Senate. Concurrence in Assembly amendments pending.

upper

Sep 9, 2019

Lower · Passed

Read third time. Passed. (Ayes 79. Noes 0. Page 3177.) Ordered to the Senate.

lower

Sep 3, 2019

Lower · Passed

Read second time and amended. Ordered to second reading.

lower

Aug 30, 2019

Lower · Passed

From committee: Do pass as amended. (Ayes 18. Noes 0.) (August 30).

lower

Jul 9, 2019

Lower · Passed

From committee: Do pass and re-refer to Com. on APPR. (Ayes 10. Noes 0.) (July 8). Re-referred to Com. on APPR.

lower

Jun 6, 2019

Committee

Referred to Com. on REV. & TAX.

lower

May 23, 2019

Upper · Passed

Read third time. Passed. (Ayes 38. Noes 0. Page 1271.) Ordered to the Assembly.

upper

May 16, 2019

Upper · Passed

From committee: Do pass. (Ayes 6. Noes 0. Page 1089.) (May 16).

upper

May 1, 2019

Upper · Passed

From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0. Page 902.) (May 1). Re-referred to Com. on APPR.

upper

Jan 16, 2019

Committee

Referred to Com. on GOV. & F.

upper

Jan 7, 2019

Introduced

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

upper

1 primary · 10 co-sponsors