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AB 4

  • California Assembly Bill
  • 2009-2010, 6th Special Session
  • Introduced in Assembly
  • Assembly
  • Senate
  • Governor

Income taxation: exclusion: grants for specified energy property.

Abstract

The Personal Income Tax Law and the Corporation Tax Law provide various exclusions from gross income that is subject to tax imposed by those laws. This bill would provide under those laws that gross income does not include any grant to the taxpayer who places in service specified energy property in accordance with the federal American Recovery and Reinvestment Act of 2009, but would require that the amount of any grant be used to adjust the basis of the property in accordance with specified requirements. This bill would make a legislative finding and declaration as to the public purpose served by the bill. This bill would take effect immediately as a tax levy.

Bill Sponsors (1)

V. Manuel Perez

Author

Votes


No votes to display

Actions


Nov 30, 2010

Assembly

Died at Desk.

Mar 09, 2010

Assembly

From printer.

Mar 08, 2010

Assembly

Read first time. To print.

Bill Text

Bill Text Versions Format
AB4 HTML
03/08/10 - Introduced PDF

Related Documents

Document Format
No related documents.

Sources

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