Income taxes: credits: California Competes Tax Credit.
Existing law allows a credit against the taxes imposed under the Corporation Tax Law and the Personal Income Tax Law for each taxable year beginning on or after January 1, 2014, and before January 1, 2025, in an amount as provided in a written agreement between the Governor's Office of Business and Economic Development and the taxpayer, agreed upon by the California Competes Tax Credit Committee, and based on specified factors, including the number of jobs the taxpayer will create or retain in the state and the amount of investment in the state by the taxpayer. Existing law limits the aggregate amount of credits allocated to taxpayers to a specified sum per fiscal year.
us/states/ca
California Legislature
20132014
AB 1560
California AB 1560 (20132014)
bill
Income taxes: credits: California Competes Tax Credit.
California AB 1560 (20132014) — Income taxes: credits: California Competes Tax Credit.
Existing law allows a credit against the taxes imposed under the Corporation Tax Law and the Personal Income Tax Law for each taxable year beginning on or after January 1, 2014, and before January 1, 2025, in an amount as provided in a written agreement between the Governor's Office of Business and Economic Development and the taxpayer, agreed upon by the California Competes Tax Credit Committee, and based on specified factors, including the number of jobs the taxpayer will create or retain in the state and the amount of investment in the state by the taxpayer. Existing law limits the aggregate amount of credits allocated to taxpayers to a specified sum per fiscal year.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
The legislative action history — every referral, reading, and vote.
2014-01-29 Read first time. To print. reading-1
2014-01-30 From printer. May be heard in committee March 1.
2014-02-06 Referred to Com. on HEALTH. referral-committee
2014-03-05 From committee chair, with author's amendments: Amend, and re-refer to Com. on HEALTH. Read second time and amended. amendment-introduction, amendment-passage, reading-2, reading-1
2014-03-06 Re-referred to Com. on HEALTH. referral-committee
2014-04-02 From committee chair, with author's amendments: Amend, and re-refer to Com. on HEALTH. Read second time and amended. amendment-introduction, amendment-passage, reading-2, reading-1
2014-04-03 Re-referred to Com. on HEALTH. referral-committee
2014-04-08 In committee: Set, first hearing. Hearing canceled at the request of author.
2014-04-22 In committee: Set, second hearing. Hearing canceled at the request of author.
2014-07-03 From committee chair, with author's amendments: Amend, and re-refer to Com. on HEALTH. Read second time and amended. amendment-introduction, amendment-passage, reading-2, reading-1
2014-08-04 Re-referred to Com. on HEALTH. referral-committee
2014-08-04 Re-referred to Com. on REV. & TAX. pursuant to Assembly Rule 96. referral-committee
2014-08-07 From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended. amendment-introduction, amendment-passage, reading-2, reading-1
2014-08-11 Re-referred to Com. on REV. & TAX. referral-committee
2014-08-11 In committee: Set, first hearing. Referred to REV. & TAX. suspense file. referral-committee
2014-08-11 From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (August 11). Re-referred to Com. on APPR. committee-passage-favorable, referral-committee, committee-passage
2014-08-27 From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on RLS. amendment-introduction, amendment-passage, reading-2, reading-1, referral-committee
2014-08-29 Re-referred to Com. on GOV. & F. referral-committee
2014-08-29 From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 0.) (August 29). Re-referred to Com. on APPR. committee-passage-favorable, referral-committee, committee-passage
2014-08-29 From committee: Do pass. (Ayes 6. Noes 0.) (August 29). committee-passage-favorable, committee-passage
2014-08-29 Ordered to third reading.
2014-08-29 Read third time. Urgency clause adopted. Passed. Ordered to the Assembly. (Ayes 33. Noes 0. Page 4989.). reading-3, reading-1, passage
2014-08-29 In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 31 pursuant to Assembly Rule 77.