SB 1073

  • California Senate Bill
  • 2015-2016 Regular Session
  • Introduced in Senate Feb 16, 2016
  • Passed Senate Jun 01, 2016
  • Passed Assembly Aug 25, 2016
  • Signed by Governor Sep 27, 2016

Personal income taxes: earned income credit: credit percentage: phaseout percentage.

Abstract

The Personal Income Tax Law allows various credits against the taxes imposed by that law, including certain credits that are allowed in modified conformity to credits allowed by federal income tax laws. Federal income tax laws allow a refundable earned income tax credit for certain low-income individuals who have earned income from specified sources and who meet certain other requirements. The Personal Income Tax Law, for taxable years beginning on or after January 1, 2015, in modified conformity with federal income tax laws, allows an earned income credit against personal income tax, and a payment from the Tax Relief and Refund Account for an allowable credit in excess of tax liability, to an eligible individual in an amount determined in accordance with federal law as applicable for federal income tax purposes for the taxable year, multiplied by the earned income tax credit adjustment factor, as specified. Existing law creates the Tax Relief and Refund Account, which is continuously appropriated, and provides that required payments to be made to taxpayers or other persons from the Personal Income Tax Fund are to be paid from that account, including amounts allowable as an earned income credit in excess of any tax liability. The Personal Income Tax Law provides that the amount of the credit is calculated as a percentage of the eligible individual's earned income and is phased out above a specified amount as income increases. Under existing law, the credit percentage and the phaseout percentage is based on the number of qualifying children of the eligible individual. Existing law provides, in modified conformity with federal income tax law, in the case of an eligible individual with 3 or more qualifying children, for taxable years beginning before January 1, 2016, the credit percentage and phaseout percentage is 45%, and for taxable years beginning on or after January 1, 2016, the credit percentage and phaseout percentage is the same as for an eligible individual with 2 or more children, which is 40%. This bill, for taxable years beginning on and after January 1, 2016, would instead provide that, in the case of an eligible individual with 3 or more qualifying children, the credit percentage and phaseout percentage is 45%, thereby increasing the credit percentage and the phaseout percentage for those eligible individuals for taxable years beginning on and after January 1, 2016. By increasing the allowable credit amount, this bill would authorize new payments from the Tax Relief and Refund Account for additional amounts in excess of personal income tax liabilities, thereby making an appropriation.

Bill Sponsors (16)

Votes


Actions


Sep 27, 2016

California State Legislature

Chaptered by Secretary of State. Chapter 722, Statutes of 2016.

California State Legislature

Approved by the Governor.

Sep 08, 2016

California State Legislature

Enrolled and presented to the Governor at 5 p.m.

Aug 30, 2016

Senate

Assembly amendments concurred in. (Ayes 39. Noes 0. Page 5531.) Ordered to engrossing and enrolling.

Aug 29, 2016

Senate

From committee: That the Assembly amendments be concurred in. (Ayes 7. Noes 0. Page 5500.)

Aug 27, 2016

Senate

Set for hearing August 29.

Aug 26, 2016

Senate

From committee: Be re-referred to Com. on GOV. & F. pursuant to Senate Rule 29.10(d). (Ayes 5. Noes 0. Page 5448.) Re-referred to Com. on GOV. & F.

  • Referral-Committee
  • Committee-Passage
Com. on GOV. & F. pursuant to Senate Rule 29.10(d). (Ayes 5. Noes 0. Page 5448.) Re-referred to Com. on GOV. & F.

Senate

Re-referred to Com. on RLS. pursuant to Senate Rule 29.10(d).

  • Referral-Committee
Com. on RLS. pursuant to Senate Rule 29.10(d).

Aug 25, 2016

Senate

In Senate. Concurrence in Assembly amendments pending.

Assembly

Read third time. Passed. (Ayes 78. Noes 0. Page 6275.) Ordered to the Senate.

Aug 24, 2016

Assembly

Read second time. Ordered to third reading.

Aug 23, 2016

Assembly

From committee: Do pass. (Ayes 9. Noes 0.) (August 23).

Aug 19, 2016

Assembly

Read third time and amended. (Ayes 73. Noes 0. Page 5969.)

Assembly

Re-referred to Com. on REV. & TAX. pursuant to Assembly Rule 77.2.

  • Referral-Committee
Com. on REV. & TAX. pursuant to Assembly Rule 77.2.

Assembly

Ordered to third reading.

Aug 16, 2016

Assembly

Read second time. Ordered to third reading.

Aug 15, 2016

Assembly

Read second time and amended. Ordered to second reading.

Aug 12, 2016

Assembly

From committee: Do pass as amended. (Ayes 11. Noes 0.) (August 11).

Aug 03, 2016

Assembly

August 3 set for first hearing. Placed on APPR. suspense file.

Jun 29, 2016

Assembly

From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (June 28). Re-referred to Com. on APPR.

  • Referral-Committee
  • Committee-Passage-Favorable
  • Committee-Passage
Com. on APPR.

Jun 21, 2016

Assembly

From committee with author's amendments. Read second time and amended. Re-referred to Com. on E.S. & T.M.

  • Referral-Committee
  • Reading-2
  • Amendment-Passage
  • Committee-Passage
  • Reading-1
Com. on E.S. & T.M.

Jun 09, 2016

Assembly

Referred to Com. on E.S. & T.M.

  • Referral-Committee
Com. on E.S. & T.M.

Jun 02, 2016

Assembly

In Assembly. Read first time. Held at Desk.

Jun 01, 2016

Senate

Read third time. Passed. (Ayes 33. Noes 2. Page 4103.) Ordered to the Assembly.

May 31, 2016

Senate

Read second time and amended. Ordered to third reading.

May 27, 2016

Senate

From committee: Do pass as amended. (Ayes 5. Noes 0. Page 4002.) (May 27).

May 24, 2016

Senate

Set for hearing May 27.

May 23, 2016

Senate

May 23 hearing: Placed on APPR. suspense file.

May 13, 2016

Senate

Set for hearing May 23.

May 12, 2016

Senate

May 16 hearing postponed by committee.

May 06, 2016

Senate

Set for hearing May 16.

Apr 26, 2016

Senate

Read second time and amended. Re-referred to Com. on APPR.

  • Referral-Committee
  • Reading-2
  • Amendment-Passage
  • Reading-1
Com. on APPR.

Apr 25, 2016

Senate

From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 7. Noes 0. Page 3642.) (April 20).

Mar 31, 2016

Senate

Re-referred to Com. on E.Q.

  • Referral-Committee
Com. on E.Q.

Mar 28, 2016

Senate

From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.

  • Referral-Committee
  • Reading-2
  • Amendment-Passage
  • Committee-Passage
  • Reading-1
Com. on RLS.

Feb 25, 2016

Senate

Referred to Com. on RLS.

  • Referral-Committee
Com. on RLS.

Feb 17, 2016

Senate

From printer. May be acted upon on or after March 18.

Feb 16, 2016

Senate

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

Bill Text

Bill Text Versions Format
SB1073 HTML
02/16/16 - Introduced PDF
03/28/16 - Amended Senate PDF
04/26/16 - Amended Senate PDF
05/31/16 - Amended Senate PDF
06/21/16 - Amended Assembly PDF
08/15/16 - Amended Assembly PDF
08/19/16 - Amended Assembly PDF
09/02/16 - Enrolled PDF
09/27/16 - Chaptered PDF

Related Documents

Document Format
No related documents.

Sources

Data on Open States is updated nightly from the official website of the California State Legislature.

If you notice any inconsistencies with these official sources, feel free to file an issue.