Thomas J. Umberg
- District 34
The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws. This bill would allow a credit against those taxes for each taxable year beginning on or after January 1, 2022, and before January 1, 2027, in an unspecified amount to a taxpayer that meets certain criteria, including that the taxpayer temporarily ceased business operations for an unspecified minimum number of consecutive days during the taxable year in response to an emergency order, as defined. The bill would designate the credit allowed under its provisions as the California Fair Fees Tax Credit. The bill would require a taxpayer claiming this credit to declare, under penalty of perjury, that it has complied with all applicable emergency orders. Existing law requires that any bill introduced on or after January 1, 2020, that would authorize certain tax expenditures, as defined, or tax exemptions contain, among other things, specific goals, purposes, and objectives that the tax expenditure or exemption will achieve, detailed performance indicators, and data collection requirements. This bill would include additional information required for any bill authorizing a new tax expenditure. By expanding the scope of the crime of perjury, this bill would impose a state-mandated local program. The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that no reimbursement is required by this act for a specified reason. This bill would take effect immediately as a tax levy.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.
From committee: Do pass and re-refer to Com. on GOV. & F. (Ayes 14. Noes 0.) (March 22). Re-referred to Com. on GOV. & F.
Set for hearing March 22.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on B., P. & E.D.
March 8 set for first hearing canceled at the request of author.
Set for hearing March 8.
Referral to Com. on G.O. rescinded because of the limitations placed on committee hearings due to ongoing health and safety risks of the COVID-19 virus.
From printer. May be acted upon on or after January 7.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
|Bill Text Versions||Format|
|12/07/20 - Introduced|
|02/01/21 - Amended Senate|
|03/08/21 - Amended Senate|
|04/06/21 - Amended Senate|
|No related documents.|
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