Bill Text: CA SB1316 | 2009-2010 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Income taxes: property exchanges: investment credits.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-08-30 - Placed on inactive file on request of Senator Romero. [SB1316 Detail]

Download: California-2009-SB1316-Introduced.html

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BILL NUMBER: SB 1316	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Romero

                        FEBRUARY 19, 2010

   An act relating to taxation.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 1316, as introduced, Romero. Taxation: credits.
   The Personal Income Tax Law and Corporation Tax Law authorize
various credits against the taxes imposed by those laws.
   This bill would state the intent of the Legislature to enact
legislation to phase out specified tax credits.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  It is the intent of the Legislature to enact
legislation to phase out specified tax credits.