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SB 20

  • California Senate Bill
  • 2009-2010, 6th Special Session
  • Introduced in Senate Sep 21, 2010
  • Senate
  • Assembly
  • Governor

Income taxes: business tax incentives: reporting information and recapture.


The Personal Income Tax Law and the Corporation Tax Law authorize various credits, deductions, exclusions, exemptions, and other tax benefits with respect to the taxes imposed by those laws. This bill would require a taxpayer, as described, doing business in California that claims a business tax incentive, as provided, to submit to the Franchise Tax Board on the original return specified information, including the number of employees employed by the taxpayer in the state. The bill would also require, in cases in which a taxpayer has a disqualifying event resulting in a net decrease in the number of full-time employees for a business tax incentive added by statute enacted on or after January 1, 2011, the business tax incentive to be recaptured, and the taxable amount computed in accordance with specified procedures.

Bill Sponsors (1)

Leland Yee

  • Democratic


No votes to display


Oct 08, 2010


From committee without further action.

Oct 05, 2010


Read first time.

Sep 21, 2010


Introduced. To Com. on RLS.

Bill Text

Bill Text Versions Format
09/21/10 - Introduced PDF

Related Documents

Document Format
No related documents.


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