republic-os/legislation/us/states/ca/20132014/ab-32.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	Insurance taxes: income taxes: credits: community development financial institution investments.	Existing laws governing the taxation of insurers, the Personal Income Tax Law, and the Corporation Tax Law, authorize, until January 1, 2017, a credit in an amount equal to 20% of a qualified investment, as defined, made into a community development financial institution, as defined, but not to exceed, in the aggregate amount under all those laws, $10,000,000 per year. Existing law provides that a credit shall not be allowed under those laws unless the California Organized Investment Network certifies that the investment made by the taxpayer is a qualified investment, as defined. Existing law requires a community development financial institution to apply to the California Organized Investment Network on behalf of the taxpayer for certification of the amount of the investment and the credit amount allocated to the taxpayer.	us/states/ca	California Legislature	20132014	AB 32	California AB 32 (20132014)	bill	Insurance taxes: income taxes: credits: community development financial institution investments.	enacted	John A. Pérez	8	28	8	2012-12-03	2013-10-07	openstates	ocd-bill/f7283d1b-c7e7-4a37-bac9-b6d08eba0650	http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201320140AB32	e3c048027846c62ada74dd587cdd2e8d1d31843b5febdd3aef493c878754b0aa	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-ca

California AB 32 (20132014) — Insurance taxes: income taxes: credits: community development financial institution investments.

Existing laws governing the taxation of insurers, the Personal Income Tax Law, and the Corporation Tax Law, authorize, until January 1, 2017, a credit in an amount equal to 20% of a qualified investment, as defined, made into a community development financial institution, as defined, but not to exceed, in the aggregate amount under all those laws, $10,000,000 per year. Existing law provides that a credit shall not be allowed under those laws unless the California Organized Investment Network certifies that the investment made by the taxpayer is a qualified investment, as defined. Existing law requires a community development financial institution to apply to the California Organized Investment Network on behalf of the taxpayer for certification of the amount of the investment and the credit amount allocated to the taxpayer.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. 12/03/12 - Introduced (filed) — source
2. 03/04/13 - Amended Assembly (committee substitute) — source
3. 04/17/13 - Amended Assembly (committee substitute) — source
4. 08/21/13 - Amended Senate (committee substitute) — source
5. 09/03/13 - Amended Senate (committee substitute) — source
6. 10/07/13 - Chaptered (committee substitute) — source
7. AB32 (committee substitute) — source
8. 09/16/13 - Enrolled (enrolled) — source

Votes

• Do pass as amended, and re-refer to the Committee on Appropriations. — 7–0 (pass) · upper
• Placed on Appropriations Suspense file. — 7–0 (pass) · upper
• 3rd Reading AB32 John A. Pérez By DeSaulnier — 39–0 (pass) · upper
• AB 32 PÉREZ, J. Assembly Third Reading — 77–1 (pass) · lower
• Do pass and be re-referred to the Committee on Appropriations. — 9–0 (pass) · lower
• AB 32 PÉREZ, J. Concurrence in Senate Amendments — 77–1 (pass) · lower
• Do pass. — 16–0 (pass) · lower
• Do pass as amended. — 7–0 (pass) · upper

Sponsors

• John A. Pérez — primary (person)

Timeline

The legislative action history — every referral, reading, and vote.

• 2012-12-03 Read first time. To print. reading-1
• 2012-12-04 From printer. May be heard in committee January 3.
• 2013-01-14 Referred to Com. on REV. & TAX. referral-committee
• 2013-03-04 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
• 2013-03-05 Re-referred to Com. on REV. & TAX. referral-committee
• 2013-04-01 In committee: Set, first hearing. Referred to REV. & TAX. suspense file. referral-committee
• 2013-04-17 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
• 2013-04-18 Re-referred to Com. on REV. & TAX. referral-committee
• 2013-05-14 From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (May 13). Re-referred to Com. on APPR. committee-passage-favorable, referral-committee, committee-passage
• 2013-05-24 In committee: Set, first hearing. Referred to APPR. suspense file. referral-committee
• 2013-05-24 From committee: Do pass. (Ayes 16. Noes 0.) (May 24). committee-passage-favorable, committee-passage
• 2013-05-24 Read second time. Ordered to third reading. reading-2, reading-1
• 2013-05-28 Read third time. Passed. Ordered to the Senate. (Ayes 77. Noes 1. Page 1658.) reading-3, reading-1, passage
• 2013-05-28 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
• 2013-06-06 Referred to Com. on GOV. & F. referral-committee
• 2013-08-20 From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (August 14). committee-passage-favorable, committee-passage, amendment-passage
• 2013-08-21 Read second time and amended. Re-referred to Com. on APPR. amendment-passage, reading-2, reading-1, referral-committee
• 2013-08-26 In committee: Placed on APPR. suspense file.
• 2013-08-30 From committee: Do pass as amended. (Ayes 7. Noes 0.) (August 30). committee-passage-favorable, committee-passage, amendment-passage
• 2013-09-03 Read second time and amended. Ordered to third reading. reading-2, reading-1, amendment-passage
• 2013-09-09 Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0. Page 2232.). reading-3, reading-1, passage
• 2013-09-09 In Assembly. Concurrence in Senate amendments pending. May be considered on or after September 11 pursuant to Assembly Rule 77.
• 2013-09-10 Assembly Rule 77 suspended. (Ayes 53. Noes 25. Page 3064.)
• 2013-09-10 Assembly Rule 63 suspended. (Ayes 53. Noes 25. Page 3064.)
• 2013-09-10 Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 77. Noes 1. Page 3069.). committee-passage-favorable, amendment-passage
• 2013-09-19 Enrolled and presented to the Governor at 3 p.m.
• 2013-10-07 Approved by the Governor. executive-signature
• 2013-10-07 Chaptered by Secretary of State - Chapter 608, Statutes of 2013.

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/f7283d1b-c7e7-4a37-bac9-b6d08eba0650. Confidence: reported (aggregated from official California legislature records).