Bill Text: CA AB205 | 2011-2012 | Regular Session | Amended
Bill Title: Income taxes: credit: vehicle registration payment fees.
Spectrum: Partisan Bill (Republican 8-0)
Status: (Introduced - Dead) 2012-02-01 - Died pursuant to Art. IV, Sec. 10(c) of the Constitution. From committee: Filed with the Chief Clerk pursuant to Joint Rule 56. [AB205 Detail]
Download: California-2011-AB205-Amended.html
BILL NUMBER: AB 205 AMENDED
BILL TEXT
AMENDED IN ASSEMBLY APRIL 13, 2011
AMENDED IN ASSEMBLY MARCH 29, 2011
AMENDED IN ASSEMBLY FEBRUARY 16, 2011
INTRODUCED BY Assembly Member Hagman
(Coauthors: Assembly Members Donnelly, Jeffries, Knight, Mansoor,
Miller, and Wagner)
(Coauthor: Senator Harman)
JANUARY 27, 2011
An act to add Section 17053.44 to the Revenue and Taxation Code,
relating to taxation, to take effect immediately, tax levy.
LEGISLATIVE COUNSEL'S DIGEST
AB 205, as amended, Hagman. Income taxes: credit: vehicle
registration payment fees.
The Personal Income Tax Law authorizes various credits against the
taxes imposed by that law.
This bill would, for taxable years beginning on or after January
1, 2011, authorize a credit under the Personal Income Tax Law for
qualified costs, as defined, paid by a taxpayer for specified
registration payment fees of fees charged by
the Department of Motor Vehicles for a qualified vehicle, as
provided.
This bill would take effect immediately as a tax levy.
Vote: majority. Appropriation: no. Fiscal committee: yes.
State-mandated local program: no.
THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:
SECTION 1. This act shall be known and may be cited as the Vehicle
Incentive Act.
SEC. 2. Section 17053.44 is added to the Revenue and Taxation
Code, to read:
17053.44. (a) For each taxable year beginning on or after January
1, 2011, there shall be allowed as a credit against the "net tax,"
as defined in Section 17039, an amount equal to the qualified costs
paid by a taxpayer for a qualified vehicle.
(b) For purposes of this section:
(1) "Qualified costs" means the fees, paid by a taxpayer during
the taxable year, assessed on vehicles a
vehicle by the Department of Motor Vehicles as part of the
vehicle registration process, including, but not limited to, the
following:
(A) Any fee set forth in Article 2 (commencing with Section 9250)
of Chapter 6 of Division 3 of the Vehicle Code, including, but not
limited to, the registration fee, the California Highway Patrol fee,
and local county transportation fees.
(B) The vehicle license fee, as set forth in Sections 10751 and
10752.2 of this code.
(C) The motorcycle safety fee, as set forth in Section 2935 of the
Vehicle Code.
(D) The unladen weight fee, as set forth in Section 9400 of the
Vehicle Code, and the weight fee, weight sticker fee, and cargo theft
interdiction fee set forth in Section 9400.1 of the Vehicle Code.
(E) The smog abatement fee, as set forth in Sections 44060 and
44060.5 of the Health and Safety Code.
(F) The personalized license plate fees, special interest license
plate fees, and all other fees set forth in Sections 5000 to 5160,
inclusive, of the Vehicle Code.
(G) The county fees imposed by Section 65089.20 of the Government
Code.
(H) The air pollution control district fees imposed by Section
40612 and 40701.5 of the Health and Safety Code.
(2) "Qualified vehicle" means a vehicle for which a taxpayer has
paid qualified costs prior to the purchase by the taxpayer of
another vehicle, for which the taxpayer has also paid qualified costs
during the same calendar year, and the vehicle is either
sold or traded in to purchase the other vehicle .
(c) If the credit allowed by this section exceeds the "net tax,"
the excess may be carried over to reduce the "net tax" in the
following taxable year, and the two succeeding years, until the
credit has been exhausted.
(d) The credit provided by this section shall be in lieu of any
deduction under this part to which the taxpayer may otherwise be
entitled.
SEC. 3. This act provides for a tax levy within the meaning of
Article IV of the Constitution and shall go into immediate effect.
