Bill Text: CA AB2519 | 2013-2014 | Regular Session | Amended

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Bill Title: Personal income taxes: credit: education expenses.

Spectrum: Moderate Partisan Bill (Republican 4-1)

Status: (Introduced - Dead) 2014-05-23 - Joint Rule 62(a), file notice suspended. (Page 5065.) In committee: Set, second hearing. Held under submission. [AB2519 Detail]

Download: California-2013-AB2519-Amended.html

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BILL NUMBER: AB 2519	AMENDED
	BILL TEXT

	AMENDED IN ASSEMBLY  MAY 15, 2014
	AMENDED IN ASSEMBLY  APRIL 24, 2014

INTRODUCED BY   Assembly Member Patterson
   (Coauthors: Assembly Members Chávez and Harkey)
   (Coauthors: Senators Vidak and Wright)

                        FEBRUARY 21, 2014

   An act to add  and repeal  Section 17053.51  to
  of  the Revenue and Taxation Code, relating to
taxation, to take effect immediately, tax levy.



	LEGISLATIVE COUNSEL'S DIGEST


   AB 2519, as amended, Patterson. Personal income taxes: credit:
education expenses.
   The Personal Income Tax Law allows various credits against the
taxes imposed by that law.
   This bill would, for taxable years beginning on or after January
1,  2014   2015  , and before January 1,
 2018   2020  , allow a credit in an amount
equal to  50%   15%  of the tuition paid
or incurred during the taxable year by a taxpayer for education and
training obtained by the taxpayer or a dependent of the taxpayer at a
vocational institution, as defined  , not to exceed $2,500 per
taxable year  .
   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.  Section 17053.51 is added to the Revenue and Taxation
Code, to read:
   17053.51.  (a) For  each  taxable  years
  year  beginning on or after January 1, 
2014,   2015, and before January 1, 2020,  there
shall be allowed as a credit against the "net tax," as defined in
Section 17039, an amount equal to  50   15 
percent of the tuition paid or incurred  by a taxpayer
 during the taxable year  by a taxpayer  for
education and training obtained by the taxpayer or a dependent of the
taxpayer at a vocational  institution for job training and
career advancement studies   institution, not to exceed
two thousand five hundred dollars ($2,500) per taxable year  .
   (b) For purposes of this section, "vocational institution" means a
private postsecondary institution that grants only certificates or
associate  degrees and in which students are taught
job-specific skills in a variety of fields, including, but not
limited to, the fields of pharmacy technician or automotive
technician   degrees  .
   (c) In the case where the credit allowed by this section exceeds
the  "net tax"   "net tax,"  the excess may
be carried over to reduce the "net tax" in the following year, and
succeeding seven years if necessary, until the credit is exhausted.

   (d) (1) This credit shall not be allowed to a taxpayer who deducts
the tuition paid or incurred by the taxpayer during the taxable year
for education and training obtained by the taxpayer at a vocational
institution as an ordinary and necessary business expense pursuant to
Section 17201.  
   (2) This credit shall not be allowed to a taxpayer who pays for
the tuition at a vocational institution with distributions from the
taxpayer's Golden State Scholarshare College Savings Account. 

   (e) This section shall be repealed on December 1, 2020. 
  SEC. 2.  This act provides for a tax levy within the meaning of
Article IV of the Constitution and shall go into immediate effect.