SB 49

  • California Senate Bill
  • 2021-2022 Regular Session
  • Introduced in Senate Dec 07, 2020
  • Senate
  • Assembly
  • Governor

Income taxes: credits: California Fair Fees Tax Credit.

Abstract

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.

Bill Sponsors (5)

Votes


Actions


Apr 06, 2021

Senate

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

  • Amendment-Passage
  • Committee-Passage
  • Reading-1
  • Reading-2
  • Referral-Committee
Com. on GOV. & F.

Mar 22, 2021

Senate

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.

  • Committee-Passage
  • Committee-Passage-Favorable
  • Referral-Committee
Com. on GOV. & F.

Mar 11, 2021

Senate

Set for hearing March 22.

Mar 08, 2021

Senate

From committee with author's amendments. Read second time and amended. Re-referred to Com. on B., P. & E.D.

  • Amendment-Passage
  • Committee-Passage
  • Reading-1
  • Reading-2
  • Referral-Committee
Com. on B., P. & E.D.

Mar 04, 2021

Senate

March 8 set for first hearing canceled at the request of author.

Mar 02, 2021

Senate

Set for hearing March 8.

Feb 11, 2021

Senate

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.

Feb 10, 2021

Senate

Re-referred to Coms. on B., P. & E.D., GOV. & F., and G.O.

  • Referral-Committee
Coms. on B., P. & E.D., GOV. & F., and G.O.

Feb 01, 2021

Senate

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

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

Jan 28, 2021

Senate

Referred to Com. on RLS.

  • Referral-Committee
Com. on RLS.

Dec 08, 2020

Senate

From printer. May be acted upon on or after January 7.

Dec 07, 2020

Senate

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

Bill Text

Bill Text Versions Format
SB49 HTML
12/07/20 - Introduced PDF
02/01/21 - Amended Senate PDF
03/08/21 - Amended Senate PDF
04/06/21 - Amended Senate 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.